|
NEW YORK, March 17 (Xinhua) -- U.S. stocks opened mixed Friday as investors digested the newly-released economic data as well as corporate earnings reports.
U.S. industrial production was unchanged in February following a 0.1 percent decrease in January, the Federal Reserve reported Friday.
In February, manufacturing output moved up 0.5 percent for its sixth consecutive monthly increase.
In corporate news, shares of Tiffany jumped over 3 percent in the early trading Friday after the company posted better than expected quarterly results.
Before Friday's opening bell, the jewelry retailer reported its .financial results for the fourth fiscal quarter ending on Jan, 31, 2017. Its worldwide net sales rose 1 percent in the fourth quarter, while net earnings per diluted share declined 2 percent in the same period.
Meanwhile, investors kept a close eye on the meeting of G20 finance ministers and central bank governors, which kicks off in Baden-Baden, Germany, Friday.
Shortly after the opening bell, the Dow Jones Industrial Average rose 23.39 points, or 0.11 percent, to 20,957.94. The S&P 500 added 1.56 points, or 0.07 percent, to 2,382.94. The Nasdaq Composite Index decreased 2.45 points, or 0.04 percent, to 5,898.31.
On Thursday, U.S. stocks pared early gains to close mixed as investors continued to assess the impacts of the Fed's rate hike decision. Enditem
