Page 25 - ARUBA TODAY

BUSINESS Thursday 5 January 2017
A25

Stock indexes near records as car makers and retailers rise

MARLEY JAY 19,942.16. The blue-chip metals and make basic
AP Markets Writer index was held back by materials rose as the dollar
NEW YORK (AP) — U.S. small losses from energy gi- slipped away from recent
stocks climbed Wednesday ant Exxon Mobil and insurer highs. Freeport-McMoRan
as investors bought shares Travelers. climbed $1.05, or 7.6 per-
of companies focused on The S&P 500 jumped 12.92 cent, to $14.83 as the price
consumers, including au- points, or 0.6 percent, to of copper jumped. Other
tomakers and retailers. The 2,270.75. The Nasdaq com- materials makers also rose.
Standard & Poor’s 500 in- posite rose 47.92 points, Chemicals maker Lyondell-
dex finished a single point or 0.9 percent, to 5,477. Bassell Industries added
below its all-time high. The Russell 2000 outpaced $1.91, or 2.2 percent, to
General Motors and Ford the other indexes and ad- $88.79 and Mosaic picked
jumped as car companies vanced 22.46 points, or 1.6 up $1.28, or 4.3 percent, to
reported generally strong percent, to 1,387.95. $30.81. This Thursday, Oct. 2, 2014, file photo shows the Wall Street en-
sales for the month of De- Companies that sell The dollar slipped to 117.60 trance of the New York Stock Exchange.
cember. Companies that clothes, jewelry, athletic yen from 117.68 yen. The Associated Press
mine for metals and make gear and discount goods euro edged up to $1.0467 Chemours, a former unit Heating oil edged up 2
chemicals and other ma- have fallen or lagged from $1.0410. of DuPont, which became cents to $1.69 a gallon.
terials climbed as the dollar behind the market over Rental car company Hertz part of the S&P 500. Gold picked up $3.30 to
receded a bit from its re- the last two months. That climbed $1.11, or 4.9 per- Oil prices bounced back $1,165.30 an ounce and
cent highs. Small-company changed a bit on Wednes- cent, to $23.63 after inves- from early losses. Bench- silver added 14 cents to
stocks picked up where day. Gap rose 72 cents, or tor Gamco Asset Manage- mark U.S. crude picked up $16.55 an ounce. Copper
they left off in 2017 as the 3.1 percent, to $24.20. Dis- ment increased its stake in 93 cents, or 1.8 percent, to closed up 7 cents, or 2.7
Russell 2000 index out- count retailer Dollar Tree, the company to 5.1 per- $53.26 a barrel in New York. percent, at $2.56 a pound.
paced other major indexes which has slumped since cent. A number of other Brent crude, used to price France’s CAC 40 and the
and missed a record close late November, picked activist investors own stock international oils, gained DAX in Germany both fin-
by a whisker. up $2, or 2.6 percent, to in Hertz. The largest by far is 99 cents, or 1.8 percent, to ished little changed. The
Investors snapped up con- $79.45.Under Armour add- billionaire Carl Icahn, who $56.46 a barrel in London. FTSE 100 of Britain rose 0.2
sumer-focused stocks that ed 81 cents, or 3.1 percent, holds a 35 percent stake. The price of natural gas percent to set another all-
haven’t done much cel- to $26.57 and auto parts Shake Shack rose $2.77, or fell another 1.8 percent, to time high. Japan’s bench-
ebrating since the elec- supplier Delphi Automo- 7.7 percent, to $38.90. The $3.33 per 1,000 cubic feet, mark Nikkei 225 added
tion, like apparel and ac- tive gained $2.50, or 3.7 company will be added after a drop of almost 11 2.5 percent in its first trad-
cessories retailers and dis- percent, to $70.04. Delphi to the S&P SmallCap 600 percent Tuesday. ing day of 2017. That was
count store chains. Urban said Wednesday it bought index after the close of Bond prices inched higher. partly because the weak
Outfitters is down about 11 Movimento, an automotive trading Wednesday. When The yield on the 10-year yen will help Japanese ex-
percent the election and software company. a company is added to a Treasury note fell to 2.44 porters like Honda. South
Gap has fallen almost that General Motors said its to- major stock index it typical- percent from 2.45 percent. Korea’s Kospi gained near-
much. tal U.S. sales climbed 10 ly trades higher as it’s add- In other energy trading, ly 0.1 percent and Hong
“They were afterthoughts percent last month from ed to various portfolios. wholesale gasoline rose Kong’s Hang Seng dipped
in a lot of respects,” said a year ago and its stock The burger chain replaced 2 cent to $1.65 a gallon. 0.1 percent.q
Julian Emanuel, an eq- rose $1.94, or 5.5 percent,
uity strategist for UBS. But to $37.09. Ford climbed 58
Emanuel said he expects cents, or 4.6 percent, to
those stocks to rise this year $13.17. That came as U.S.
because consumer confi- vehicle sales set records for
dence remains high. the seventh year in a row.
The Dow Jones industrial Sales are expected to slip
average added 60.40 in 2017.
points, or 0.3 percent, to Companies that mine for