Investing.com - U.S. stocks traded mostly higher Friday despite surprisingly weak home sales data, as surging oil prices lifted energy shares.
In midsession U.S. trade, the Dow Jones Industrial Average added 0.22%, the S&P 500 advanced 0.14%, while the Nasdaq Composite slipped 0.12%.
Iranian sanction worries sent crude oil soaring higher lifting energy share prices supporting the stock market.
However, weaker than expected new homes sales sent homebuilders skidding.
New home sales fell 1.6%, the slowest since October, casting doubt on the strength of the recovery in the world’s largest economy.
Energy shares led the advance with Chevron gaining 0.08% on the session.
A quote glitch at Bats Global Markets triggered a shut down in Apple’s stock trades. Shares have since stabilized down 0.12% in the computer/software giant.
KB Homes tumbled 9.3% on the weak home sales data.
Micron Technology gave back 3.7% after its third quarterly loss due to sluggish personal computer demand.
Near the close of European trade, the EURO STOXX 50 traded down 0.45%, France's CAC 40 fell 0.21%, while Germany’s DAX traded off 0.10%. Meanwhile, in the U.K. the FTSE 100 dropped 0.12%.
In midsession U.S. trade, the Dow Jones Industrial Average added 0.22%, the S&P 500 advanced 0.14%, while the Nasdaq Composite slipped 0.12%.
Iranian sanction worries sent crude oil soaring higher lifting energy share prices supporting the stock market.
However, weaker than expected new homes sales sent homebuilders skidding.
New home sales fell 1.6%, the slowest since October, casting doubt on the strength of the recovery in the world’s largest economy.
Energy shares led the advance with Chevron gaining 0.08% on the session.
A quote glitch at Bats Global Markets triggered a shut down in Apple’s stock trades. Shares have since stabilized down 0.12% in the computer/software giant.
KB Homes tumbled 9.3% on the weak home sales data.
Micron Technology gave back 3.7% after its third quarterly loss due to sluggish personal computer demand.
Near the close of European trade, the EURO STOXX 50 traded down 0.45%, France's CAC 40 fell 0.21%, while Germany’s DAX traded off 0.10%. Meanwhile, in the U.K. the FTSE 100 dropped 0.12%.