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US STOCKS-S&P advances on strong industrial output data

Fri, 16th Mar 2018 19:33

* Micron, Western Digital gain after Baird's bullish note

* Adobe rises after strong results

* S&P energy index up 0.9 pct as oil prices jump

* Dow up 0.4 pct, S&P up 0.2 pct, Nasdaq flat(Updates to late afternoon)

By April Joyner

March 16 (Reuters) - The S&P and Dow Industrials rose onFriday as strong U.S. industrial output numbers boosted stocksacross sectors, though equities were on track for overall lossesthis week.

February industrial production jumped 1.1 percent, thelargest increase in four months.

Energy led the major sectors of the S&P 500 with a0.9 percent gain, as oil prices rose by more than a dollar.

"Today, there are not a lot of headlines out of Washington,so the focus is more on the economy," said Keith Lerner, chiefmarket strategist at SunTrust Advisory Services in Atlanta.

Stocks were trading within a narrow range, Lerner said, asinvestors unwound positions in futures and options contractsexpiring on Friday, in a phenomenon known as"quadruple-witching."

The Nasdaq was barely changed during the session.

Friday's gains come at the end of a rocky week, dominated byconcerns of a U.S. trade war with China and political turmoil,which began with the ouster of Secretary of State Rex Tillerson.

The Dow Jones Industrial Average rose 101.62 points,or 0.41 percent, to 24,975.28, the S&P 500 gained 5.83points, or 0.21 percent, to 2,753.16 and the Nasdaq Compositedropped 0.31 points, or 0 percent, to 7,481.44.

Walmart Inc gained 2.9 percent and Home Depot Incadded 0.9 percent after the University of Michigan'spreliminary reading of its consumer sentiment index rose morethan expected to 102.0.

Adobe Systems Inc was up 3.1 percent, hitting anall-time high during the session, after the Photoshop makertopped analysts' profit and revenue estimates for the seventhstraight quarter.

Micron Technology Inc rose 2.8 percent after Bairdanalysts raised its price target on the stock by $40 to $100.Western Digital Corp gained 4.3 percent, hitting athree-year high during the session, after Baird upgraded thestock's rating to "outperform."

Advancing issues outnumbered declining ones on the NYSE by a2.01-to-1 ratio; on Nasdaq, a 1.48-to-1 ratio favored advancers.

The S&P 500 posted 24 new 52-week highs and three new lows;the Nasdaq Composite recorded 161 new highs and 43 new lows.(Additional reporting by Sruthi Shankar in Bengaluru; Editingby Arun Koyyur)

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29 Apr 2019 16:36

European High Growth Raises WideCells Group Interest To 21% (ALLISS)

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21 Mar 2019 17:37

WideCells Converts Bonds For GBP210,000, Issues 210 Million Shares (ALLISS)

LONDON (Alliance News) - WideCells Group PLC on Thursday said its investor has exercised its options and converted rights under the convertible bonds for GBP210,000, together with a penalty of has

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WideCells Converts Bonds For GBP150,000, Issues 150 Million Shares (ALLISS)

LONDON (Alliance News) - WideCells Group PLC on Thursday said its investor has exercised its options and converted rights under the convertible bonds for GBP150,000, together with a penalty of has

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WideCells Converts Bonds For GBP115,000, Issues 115 Million Shares (ALLISS)

LONDON (Alliance News) - WideCells Group PLC on Thursday said its investor has exercised its option and converted rights under the convertible bonds for GBP115,000, together with a penalty payment

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11 Mar 2019 18:00

Winterflood Securities Now Holds 21% Interest In WideCells Group (ALLISS)

LONDON (Alliance News) - WideCells Group PLC on Monday said that Winterflood Securities Ltd now holds a 21% stake in the company with effect on Friday last week.Winterflood's previous

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WideCells Converts Bonds, Requests Further GBP1.5 Million Drawdown (ALLISS)

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WideCells Issues Drawdown Notice For GBP1.4 Million; Issued Penalty (ALLISS)

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28 Feb 2019 14:31

Investor Aftab Ahmed Divests Entire WideCells Group Holding (ALLISS)

LONDON (Alliance News) - WideCells Group PLC said Thursday that investor Aftab Ahmed divested its entire stake in the company.In a deal completed on Thursday, Ahmed sold its entire 15% in a

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25 Feb 2019 10:47

"We Have Taken Control Of The Board", Says New WideCells Chair

LONDON (Alliance News) - WideCells Group PLC on Monday announced sweeping changes to its board, including the appointment of a new executive chair and the departure of a significant number of in a

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