US STOCKS-Wall St touches new record after Wal-Mart earnings

jueves 13 de noviembre de 2014 11:59 GYT
 

* Wal-Mart climbs after results

* Berkshire Hathaway to buy Duracell from Procter & Gamble

* Initial jobless claims above expectations

* Indexes up: Dow 0.49 pct, S&P 0.32 pct, Nasdaq 0.56 pct (Updates to late morning)

By Chuck Mikolajczak

NEW YORK, Nov 13 (Reuters) - U.S. stocks advanced modestly on Thursday to send the Dow and S&P to new record intraday highs following earnings from Wal-Mart and data on the labor market.

Wal-Mart shares climbed 3.4 percent to $81.92 as one of the biggest boosts to both the Dow and S&P 500 after the retail giant posted a 2.9 percent increase in third-quarter revenue.

Weekly initial jobless claims rose to 290,000, above expectations for 280,000 claims, but remained near a 14-year low, and stood below the 300,000 mark for a ninth straight week.

The Dow and S&P 500 had ended slightly lower on Wednesday to break a five-day streak of record closing highs, while the Nasdaq managed to advance. While stocks have rallied of late, moved have been modest, with the S&P 500 yet to post a gain of more than 1 percent this month.   Continuación...