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    NEW YORK Jakub Vrana Jersey , Aug. 13 (Xinhua) -- U.S. stocks rose Wednesday led by biotech shares, as investors shrugged off weaker-than-expected retail sales data.

    The Dow Jones Industrial Average surged 91.26 points, or 0.55 percent, to 16,651.80. The S&P 500 added 12.97 points, or 0.67 percent Evgeny Kuznetsov Jersey Sale , to 1,946.72. The Nasdaq Composite Index jumped 44.88 points, or 1.02 percent, to 4,434.13.

    Major stock indices opened higher and built up their gains throughout the whole session, as the market reacted little to disappointing retail sales data.

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    In a separate report, the department said U.S. business inventories rose 0.4 percent in June, matching market consensus.

    On corporate earnings side, department store chain Macy's reported second-quarter earnings and revenues that trailed market estimates. The company also cut its full-year comparable sales forecast due to its sales shortfall in the first quarter. Macy's shares fell 5.51 percent to close at 56.47 U.S. dollars per share.

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    The tech-heavy Nasdaq outperformed the other two major indices, boosted by biotech shares and Amazon. Shares of U.S. biotech firms Vertex Pharmaceuticals and Biogen Idec jumped 3.91 percent and 2. 98 percent, respectively.

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    Geopolitical issues took the back seat, but investors were keeping an eye on any developments that could jolt the market.

    About 130 American military advisers have arrived in Iraq to help with its humanitarian aid in north area of the country, said U.S. Defense Secretary Chuck Hagel on Tuesday. Hagel insisted that Washington is not sending combat troops to Iraq and the American mission remains "limited."

    The CBOE Volatility Index, widely considered as Wall Street's fear gauge, dropped 8.70 percent to end at 12.90 on Wednesday.

    In other markets, the dollar retreated against most major currencies on weak retail sales data Evgeny Kuznetsov Capitals Jersey , but it continued rising against the yen as the Japanese government said the country's gross domestic product in the second quarter of 2014 shrank 6.8 percent from a year earlier, the biggest contraction since the March 2011 disaster.

    In late New York trading, the euro was little changed at 1.3369 dollars from 1.3368 dollars of the previous session. The dollar bought 102.45 Japanese yen, higher than 102.23 yen of the previous session.

    Gold futures on the COMEX division of the New York Mercantile Exchange rose. The most active gold contract for December delivery rose 3.9 dollars, or 0.30 percent, to 1 T. J. Oshie Capitals Jersey ,314.5 dollars per ounce.

    Crude price gained though a government report showed that U.S. crude inventories increased last week.

    Light, sweet crude for September delivery moved up 22 cents to settle at 97.59 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 1.26 dollars to close at 104.28 dollars a barrel.

    Benefits Of Hiring Reliable Elevator Repair Miami June 7, 2016 | Author: Amanda Young | Posted in Home and Family

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