U.S. stocks open slightly higher on Tuesday. U.S. retail sales increase of slightly more than expected in November, but Best Buy's earnings disappointment.
At 09:33 on December 14 EST, the Dow Jones industrial average rose 12.87 points to 11,441.43 points, or 0.11%; the Nasdaq composite index rose 4.69 points to 2,629.60 points, or 0.18%; the S & P 500 Index rose 1.68 points to 1,242.14 points, or 0.14%.
The Commerce Department reported Tuesday, the United States in November retail sales rose 0.8%, economists had expected a growth of 0.5%. Automobile and auto parts there in October retail sales up 5.6% after 0.8% decline in November. Excluding autos, retail sales rose 1.2% in November, economists had expected a growth of 0.7%.
A separate data by energy and food costs led producer price index rose last month, exceeded expectations, but the rate of inflation is still moderate internal wholesalers. The Labor Department reported Tuesday, November measurable manufacturers and wholesalers of products and raw material costs paid by the producer price index at a seasonally adjusted increase of 0.8% compared with October, the highest growth rate since the highest since March, has been rising for 5 consecutive months.
Best Buy (BBY) announced poor earnings last quarter, making investors nervous on the Christmas shopping season. Consumer electronics retailer Best Buy quarter same-store sales fell 3.3%, with the U.S. domestic sales fell 5%. Unexpected drop in the company's quarter revenue, earnings per share well below analyst expectations. The company also cut its full-year earnings per share target.
The euro against the dollar to $ 1.3432. Data showed German economic expectations index in December has increased for two consecutive months, reducing the marginal investors in the euro-zone countries, concerns about the debt crisis. Center for European Economic Research said in December the economic expectations index rose 1.8 points from November to 4.3 points, 4.0 points higher than the market expected.
30 yr fixed mortgage rates
interest only loans
interest only loans rates
interest only mortgage rates
quantitative easing
china inflation
china inflation rate