US STOCKS-Wall St ticks up as U.S. data offset global growth worries

jueves 20 de noviembre de 2014 12:04 GYT
 

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By Rodrigo Campos

NEW YORK, Nov 20 (Reuters) - U.S. stocks climbed on Thursday as strong U.S. data offset concerns over a slowdown in the euro zone and a loss of momentum in Chinese factories.

Stock indexes rose as data showed factory activity in the U.S. mid-Atlantic region grew at its fastest pace in two decades, U.S. home resales jumped to their highest in more than a year in October, and a gauge of future U.S. economic activity gained more than expected last month.

Separate data showed U.S. consumer prices were unexpectedly flat in October though underlying inflation pressures were rising, while new claims for unemployment benefits fell less than expected last week but showed the labor market was improving.

The upbeat numbers were the main reason for the market to turn higher, analysts said.

The Philly Fed area "isn't a hub of industrial activity any more but it's still important and it's strong," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group.   Continuación...