Wall Street trading higher


(MENAFN- ProactiveInvestors)Wall Street was trading higher Tuesday Morning as traders weighed a host of data. At 11:11 a.m. in New Yor the Dow Jones (INDEXDJX:.DJI) was up 0.7% at 17835.91. The S&P 500 (INDEXSP:.INX) rose 0.6% to 2092.64 while the Nasdaq Composite gained 0.5% to 5133.21. All S&P 500 sectors advanced with health care and information technology shares rising nearly 1%. A widely-watched indicator of U.S. manufacturing activity slid to its lowest level since mid-2009. The U.S. Markit PMI for November was 52.8 above the flash read of 52.6 but below the final October print of 54.1. Construction spending increased 1.0% for October exceeding  estimates of 0.6%. Infoblox (NYSE:BLOX) rose 20% to $18.16 after the network software company posted earnings that beat analyst expectations. HF Financial (NASDAQ:HFFC) surged 18% to $19.15 on reports that Great Western Bancorp (NYSE:GWB) intends to buy the company for $139.4mln. PREMARKET US shares are poised for a come-back on Tuesday after slipping down yesterday as healthcare and consumer stocks weighed. Share prices fell on the heels of the Black Friday holiday shopping weekend. A National Retail Federation survey on Sunday showed more people shopped online than in stores during Thanksgiving weekend. The benchmark Dow Jones closed 78 points down at 17719 while the Nasdaq was also lower shedding 18 to 5108 and the broader S&P500 closed at 2080 - down around ten points. Today Dow futures point to a start over 80 points aheadm while Nasdaq futures are 19 points to the good and S&P500 is up around eight points. The oil price has gained some ground ahead of this week's OPEC meeting on Friday with Brent crude up 1.22% while safe haven asset gold is also a tad higher at US$1061.9 an ounce. Jasper Lawler at CMC Markets said: "US stocks look set for a stronger open on Tuesday ahead of manufacturing data and a speech from FOMC voting member Charles Evans which could shed some light on the chances of a December rate hike ahead of Friday's jobs report."


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