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US INDEXES MOVE HIGHER; URBAN OUTFITTERS SLIPS

Published by Gbaf News

Posted on November 19, 2014

1 min read
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The Associated Press

US Markets Gain Amid Global Optimism

(AP) U.S. financial markets are moving higher in midday trading, with health care stocks among the biggest gainers.

Some encouraging news from Japan and Germany also helped lift markets.

Key Indexes Show Modest Increases

The Standard & Poor’s 500 index added eight points, or 0.4 percent, to 2,049 as of 11:55 a.m. Eastern time.

The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,688. The Nasdaq composite gained 25 points, or 0.5 percent, to 4,696.

Stocks with Notable Movements Today

Nokia rose 4 percent after the Finnish technology company said it would introduce a tablet computer that runs the Android operating system.

Urban Outfitters sank 9 percent after its latest quarterly earnings missed analysts’ forecasts.

Falling Oil Prices Impact Energy Stocks

The price of oil fell $1.21 to $74.44 a barrel in New York. That helped send energy stocks lower.

Key Takeaways

  • US stock indexes rose mid‑day, led by health care sectors.
  • Encouraging economic cues from Japan and Germany supported gains.
  • Urban Outfitters fell ~9% after missing quarterly earnings expectations.
  • Nokia gained ~4% announcing an Android tablet launch.
  • Oil prices dropped, dragging down energy stocks.

Frequently Asked Questions

Why did U.S. markets rise mid‑day?
Markets lifted on positive developments from Japan and Germany and gains in health care stocks.
What happened with Urban Outfitters stock?
Urban Outfitters sank around 9% after its latest quarterly earnings missed analysts’ forecasts.
Why did Nokia’s stock rise?
Nokia climbed about 4% after announcing plans to introduce an Android‑based tablet.
How did oil price movements affect the market?
Oil fell by $1.21 to $74.44 a barrel in New York, which weighed on energy‑sector stocks.

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