US stocks shake off weak data and close higher
US stock indices closed in the positive territory on Wednesday, shaking off the release of weak economic data.
Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.
The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program, as inflation seen the largest slowdown in 6 month.
To the oil market, WTI crude October futures rose 3.1% or $2.15, and crude closed at $72.61 a barrel.
Brent November futures rose 2.5% or $1.86, and closed at $75.46 a barrel.
As for stocks, Dow Jones rose 0.7% or 236 points, and closed at 34,814, and hit a day high of 34,880, and a low of 34,522.
S&P 500 rose 0.8% or 37 points to 4,480, after hitting a high of 4,486 and a low of 4,438.
Nasdaq rose 0.8% or 123 points to 15,161 points, with a high of 15,174 and a low of 14,984.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1608
|
-0.0003
|
0.0289%
|
|
|
|
|
1.3761
|
0.0022
|
0.1576%
|
|
|
|
Tadawul
|
11861.19
|
15.26
|
0.13%
|
|
|
|
|
24.393
|
1.079
|
4.630%
|
|
|
|
|
84.668
|
1.322
|
1.586%
|
|
|
|
|
86.21
|
0.66
|
0.77%
|
|
|
|
|
1800.930
|
31.190
|
1.762%
|
|
