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US stocks finish higher after up-and-down trade

Published on May 17, 2014 5:13 AM
 

NEW YORK (AFP) - US stocks finished higher Friday following a choppy day of trade as investors weighed some solid retail earnings reports with mixed economic data.

At the closing bell, the Dow Jones Industrial Average advanced 46.05 points (0.28 per cent) to 16,492.86.

The broad-based S&P 500 added 7.05 (0.38 per cent) at 1,877.90, while the tech-rich Nasdaq Composite Index rose 21.30 (0.52 per cent) to 4,090.59.

Mace Blicksilver, director of Marblehead Asset Management, said better-than-expected earnings from retailers Nordstrom and J.C. Penney boosted sentiment.

 
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