Wall Street shares going higher after mixed open


(MENAFN- ProactiveInvestors) Shares on Wall Street opened mixed on Tuesday amid the publication of economic reports and as the price of crude continues to fall.

Energy stocks took a bashing and the S&P500 went at one point to its lowest level since October.

The benchmark Dow was on the up however adding 39 points at 17544 while the S&P 500  was now higher - to be up four to 2025. 

The technology stock heavy Nasdaq added four to stand at 2025.

Sony was a name in focus again  after hitting the headlines a lot recently - first with the film controversy over 'The Interview' and now with the return of the Walkman.

For those who remember the late 1980s and early 90s trend of listening to music on the portable device the latest incarnation has the same name but is very different - not least the price tag.

The new ZX2 is a high-res audio box and  is set to launch in the spring at  over £949 aimed at attracting those who already listen on smartphones. It succeeds the already pricey ZX1 which can be bought now for £549.

Elsewhere investors across the pond were mulling data which showed factory orders declined in November 2014 while the service sector expanded in December at the slowest pace in six months.

The Fed tomorrow releases the minutes from the last meeting where it promised to act patiently in the journey to raise interest rates.

Back in London Footsie was down around 12 points at 6431.

Equipment rental firm Ashtead Group (LON:AHT) was the biggest laggard - down more than 7% - after a broker downgrade on its US peer yesterday while miners were gaining ground.

Meanwhile new figures showed that the UK service-sector growth slowed more than expected in December 2014 as the purchasing managers’ index (PMI) fell to 55.8 from 58.6.

The Greek situation is still in focus with some analysts suggesting the election in the country could be the end of the Eurozone thus there is heightened investment activity surrounding safe-haven assets such as gold.


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