US STOCKS-S&P, Dow mark new highs on strong retail sales data

viernes 15 de julio de 2016 11:12 GYT
 

* U.S. June retail sales up more than expected

* Financials drop after disappointing Citi, Wells results

* Nice attack weighs on travel and airline stocks

* Indexes up: Dow 0.16 pct, S&P 0.12 pct, Nasdaq 0.08 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 15 (Reuters) - The Dow and the S&P 500 inched up on Friday, hitting new highs after strong U.S. retail sales data and a rise in biotech stocks, offset disappointing results from big banks.

Retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter.

Data showed China's economy unexpectedly grew in the quarter, helping push world stocks to eight-month highs. But an attack in Nice, France that killed at least 84 people weighed on sentiment.

Tepid results from Citi and Wells Fargo failed to match up to the expectation set by JPMorgan's strong numbers on Thursday.   Continuación...