Slim gains for Russell, Dow
The Russell 2000 (NYSE: IWM) and the Dow are posting slim gains with two hours left in the trading session. At 1:58 p.m. the small-cap index was up 1.42 points, or 0.18%, to 781.77. The Dow Jones Industrial Average (INDU) had added 16.42 points, or 0.12%, to 13,441.30.
Stocks spent the morning in negative territory but moved higher and pierced the flat line at about 12 p.m. ET, as investors put aside news of generally downcast economic statistics.
Industrial production increased 0.2% in August, the U.S. Federal Reserve reported before the opening bell. That’s less than the expected rise of 0.3% and below the upwardly revised increase of 0.5% in July.
Breaking down the numbers, manufacturing dropped 0.3%, interrupting five months of increases, while mining fell by 0.6%. On the plus side, unusually warm weather resulted in a 5.3% increase in the output of utilities.
Stocks spent the morning in negative territory but moved higher and pierced the flat line at about 12 p.m. ET, as investors put aside news of generally downcast economic statistics.
Industrial production increased 0.2% in August, the U.S. Federal Reserve reported before the opening bell. That’s less than the expected rise of 0.3% and below the upwardly revised increase of 0.5% in July.
Breaking down the numbers, manufacturing dropped 0.3%, interrupting five months of increases, while mining fell by 0.6%. On the plus side, unusually warm weather resulted in a 5.3% increase in the output of utilities.
For access to the full article, you must be a registered member - it's FREE.
Already a member? Please log in below
Not Registered?
Register today and enjoy all that SmallCapInvestor.com has to offer, including:
- Daily small cap stock profiles.
- Intra-day coverage of Russell 2000 companies.
- Research and insights from our analysts.
- Special reports.
