Wall Street shares start on front foot as US import prices fall


(MENAFN- ProactiveInvestors) US shares in keeping with European counterparts started positively on Friday 13th.

The benchmark Dow Jones added 29 points to stand at 18004 while the tech heavy Nasdaq added 10 to go to 4869. The broader based S&P500 added four points to 2092.

In London Footsie continues to make gains with the index up 45 points to 6872...nudging closer to that recorf high of 6930 set on Dec 30 1999.

Investors around the globe have been buoyed by the continued gain in crude prices - with Brent going above US$60  a barrel today- for the first time in 2015 - as the supply from the US drops.

Also in focus is data showing the price the US paid for imported goods fell sharply again last month- mainly due to the low oil price.

Not including fuel import prices declined by 0.7% last month. 

In corporate news among the gainers was aluminium and light metals giant Alcoa which added 1.15% to US$15.83. Conoccophillips the E&P major added 2.7% to stand at US$69.86.

In London beleaguered Tullow Oil (LON:TLW) was  reversing recent losses to be the biggest gainer - up 5.89% to 407.8p.

Drugs giant Glaxo (LON:GSK) was also a good performer on the day  - rising 4.54% to 1553p after Swiss heavweight UBS upgraded the stock to 'buy' from 'sell'.


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