US

The Star Early Edition - - MARKETS -

THE STAN­DARD& Poor’s 500 in­dex rose as re­tail­ers and en­ergy com­pa­nies ral­lied, while eco­nomic data show­ing im­prove­ments in Amer­ica over­shad­owed con­cern over weaker growth over­seas.

Best Buy jumped 7.9 per­cent as de­mand for tele­vi­sions and tablets helped the re­tailer post a sur­prise sales gain. Dol­lar Tree ad­vanced 4.9 per­cent after rais­ing its yearly earn­ings fore­cast and re­port­ing thirdquar­ter earn­ings that beat an­a­lysts’ es­ti­mates. En­ergy stocks rose the most of 10 groups in the S&P 500 as Brent crude oil gained for the first time in four days.

The Stan­dard & Poor’s 500 in­dex rose 0.1 per­cent to 2 051.10 at 10.54am in New York, eras­ing an ear­lier loss.

The Dow Jones in­dus­trial av­er­age dropped 8.96 points, or less than 0.1 per­cent, to 17 676.77. The Rus­sell 2000 in­dex of smaller com­pa­nies climbed 0.6 per­cent. Trad­ing in S&P 500 com­pa­nies was 18 per­cent be­low the 30-day av­er­age for this time of the day. – Bloomberg

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