US STOCKS-Wall St inches higher, helped by U.S. economic data

jueves 20 de noviembre de 2014 13:58 GYT
 

* Best Buy jumps after earnings beat; Keurig tumbles

* GoPro falls after pricing follow-on shares at discount

* Indexes: Dow up 0.1 pct, S&P up 0.2 pct, Nasdaq up 0.5 pct (Updates to midday, changes byline)

By Caroline Valetkevitch

NEW YORK, Nov 20 (Reuters) - U.S. stocks edged higher at midday on Thursday as data showed further strength in the U.S. economy.

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.

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.

Growth in the economy and earnings should bode well for stocks heading into next year, said Margaret Patel, senior portfolio manager at Wells Capital Management.   Continuación...