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US stocks close at records amid US data; INTC, KMI and MSFT big movers

FXStreet (San Francisco) - The DJIA and the S&P closed at records as investors welcomed a better than expected set of US economic data, including the higher inflation ex-food and energy items in 3 months. Nasdaq closed at highs since March 2000.

Intel $INTC rallied 4.6% as the blue chip raised annual EPS by 6 cents to $0.96; from 0.225 to 0.24/Share in quarterly basis. Intel expects 2015 revenues to grow in the 'mid-single digits.' Kinder Morgan companies, $KMI $KMP $KMR $EPB approved merger into a one roof. KMI projects a 16% dividend rise to $2/share in 2015 and expect a grow by ~10%/year between 2015 and 20.

In premarket hours, Best Buy $BBY beat earnings expectations; and Yahoo! announced a deal with Microsoft $MSFT to make Bing as a default search in Firefox in US. Google $GOOG lost the deal.

After hours, GAP $GPS informed a better than expected earnings report with a EPS of $0.80 vs $0.79/share. Hertz HTZ hired John Tague as its new CEO.

Energy sector (+1.10) and Technology were the leaders of the market; while Telecommunications and healthcare dragged indexes to the downside.

The Dow Jones advanced 33.27 points or 0.19% to finish the day at 17,719.00; The S&P 500 added 4.03 points or 0.20% to a record close of 2,052.75; while the Nasdaq climbed 26.16 pts or 0.56% to 4,701.87.

On the fundamental deck, US CPI rose to 1.7% YoY in October, above 1.6% expected; Ex-food and energy, inflation rose to 1.8%, above 1.6% awaited. Jobless claims was up to 291K, well above 285K expected; previous week revised 3K up to 293K.

PMI manufacturing index declined to 54.7 in November; well below expectations and lowest since January 2014. However, US CB leading indicator posted its biggest increase in 3 months with 0.9% rose in October; well above expectations; and the Philly Fed Manufacturing index just exploded to the highest since March 2011 at 40.8 in November. Employment component up to 22.4 from 12.10; New orders up to 35.7 from 17.30.

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