Stocks See Week of Strong Gains
- Friday, February 14, 2014, 16:43
- Stock Market
- Add a comment
U.S. stocks mostly rose on Friday, with major indexes on track for their second straight week of gains as investors
shrugged off a surprise drop in industrial production data. The Dow Jones Industrial Average closed 126.80 points, or
0.79%, higher at 16,154.39. The S&P 500 closed 8.80 points, or 0.48%, higher at 1,838.63. The Nasdaq Composite rose 3.35 points, or 0.08%, to 4,244.02.
U.S. manufacturing output unexpectedly fell in January, recording its biggest drop in more than 4-1/2 years, as cold
weather disrupted production in the latest indication the economy got off to a weak start this year. Factory production
fell 0.8 percent last month, the Federal Reserve said on Friday
The Obama administration will allow banks to do business with licensed marijuana companies with a reduced fear of
criminal prosecution if the banks meet a series of conditions, a U.S. Justice Department official said on Friday.
About the Author
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
You must be logged in to post a comment.