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|NEW YORK Willie Horton Jersey , Aug. 13 (Xinhua) -- U.S. stocks rose Wednesday led by biotech shares, as investors shrugged off weaker-than-expected retail sales data.
The Dow Jones Industrial Average surged 91.26 points, or 0.55 percent, to 16,651.80. The S&P 500 added 12.97 points, or 0.67 percent Victor Martinez Jersey , to 1,946.72. The Nasdaq Composite Index jumped 44.88 points, or 1.02 percent, to 4,434.13.
Major stock indices opened higher and built up their gains throughout the whole session, as the market reacted little to disappointing retail sales data.
U.S. retail and food services sales for July were virtually unchanged from the previous month Omar Vizquel Jersey , the weakest performance since January, said the Commerce Department Wednesday.
The weak retail sales data also reinforced speculation that the U.S. Federal Reserve is not in a hurry to raise interest rates, which gave investors some reassurance.
In a separate report, the department said U.S. business inventories rose 0.4 percent in June, matching market consensus.
On corporate earnings side, department store chain Macy's reported second-quarter earnings and revenues that trailed market estimates. The company also cut its full-year comparable sales forecast due to its sales shortfall in the first quarter. Macy's shares fell 5.51 percent to close at 56.47 U.S. dollars per share.
So far Omar Infante Jersey , 91 percent of the S&P 500 companies have reported second-quarter results, among which 67.5 percent have reported earnings above analysts' expectations, while 62.3 percent released revenues above forecast.
U.S. corporations had fared better than expected in the second quarter in general, helping propel the U.S. equity market to uncharted territory before the recent correction.
The tech-heavy Nasdaq outperformed the other two major indices, boosted by biotech shares and Amazon. Shares of U.S. biotech firms Vertex Pharmaceuticals and Biogen Idec jumped 3.91 percent and 2. 98 percent, respectively.
Amazon shares added 2.18 percent to 326.28 dollars apiece Nick Castellanos Jersey , as the e-commerce giant on Wednesday launched a new mobile payment app for local businesses to quickly and easily accept credit and debit cards using a smartphone or tablet.
Geopolitical issues took the back seat, but investors were keeping an eye on any developments that could jolt the market.
About 130 American military advisers have arrived in Iraq to help with its humanitarian aid in north area of the country, said U.S. Defense Secretary Chuck Hagel on Tuesday. Hagel insisted that Washington is not sending combat troops to Iraq and the American mission remains "limited."
The CBOE Volatility Index, widely considered as Wall Street's fear gauge, dropped 8.70 percent to end at 12.90 on Wednesday.
In other markets, the dollar retreated against most major currencies on weak retail sales data Miguel Cabrera Jersey , but it continued rising against the yen as the Japanese government said the country's gross domestic product in the second quarter of 2014 shrank 6.8 percent from a year earlier, the biggest contraction since the March 2011 disaster.
In late New York trading, the euro was little changed at 1.3369 dollars from 1.3368 dollars of the previous session. The dollar bought 102.45 Japanese yen, higher than 102.23 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange rose. The most active gold contract for December delivery rose 3.9 dollars, or 0.30 percent, to 1 Michael Fulmer Jersey ,314.5 dollars per ounce.
Crude price gained though a government report showed that U.S. crude inventories increased last week.
Light, sweet crude for September delivery moved up 22 cents to settle at 97.59 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 1.26 dollars to close at 104.28 dollars a barrel.
MADRID, July 1 (Xinhua) -- Spanish Civil Guards have arrested a man of Syrian origin who is suspected of spending two years fighting for the Islamic State (IS) in Syria, Interior Ministry said Saturday.
The 29-year-old, whose name initials are A.S Lance Parrish Jersey , is described as being of "Danish nationality, but Syrian origin". The ministry said he was arrested on Friday afternoon in southern Spanish city of Malaga.
The detainee's mobile devices are now being investigated and he is being questioned in order to determine what his intentions were in Spain and whether he has any contacts in the country, according to the ministry.
The arrest brings the total number of jihadists arrested in Spain since the start of 2015 to 224.
On Friday, a judge in Mallorca sent four suspected jihadists arrested on the island into preventive custody after explaining he had reasons to believe one of them was planning a bloodbath in the town of Inca similar to what happened recently on London Bridge.
Xi pledges firm commitment to "one country, two systems"
President Xi attends gala show for HK's 20th return anniversary
NYSE special closing bell celebrates 20th Anniversary of HKSAR' s establishment
First train ferrying China-made Volvo cars arrives in Belgium
Fishing boats parade held to celebrate 20th anniv. of HK's return to motherland
China, Kyrgyzstan hold anti-terror drill in Xinjiang
In pics: woodblock movable type printing in C China
Muslims celebrate Eid al-Fitr worldwide
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