US STOCKS-Market up as inflation data eclipses sentiment
13 Juni 2008 20:58:48 (GMT+07:00)
Provided by: Reuters News
(Updates with reaction to consumer sentiment)
NEW YORK, June 13 (Reuters) - U.S. stocks briefly came off their highest
levels on Friday following a weaker-than-expected reading of consumer
sentiment.
But with oil prices retreating and investors relieved that underlying
price pressures were muted in May, Wall Street quickly headed back up to
session highs.
The Dow Jones industrial average <.DJI> rose 83.13 points, or 0.68
percent, to 12,224.71. The Standard & Poor's 500 Index <.SPX> climbed 8.81
points, or 0.66 percent, to 1,348.68. The Nasdaq Composite Index <.IXIC>
gained 27.08 points, or 1.13 percent, to 2,431.43.
(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
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