Wall Street inches higher


The broad-based S&P 500 added a scant 0. 53 points, or 0. 03 per cent, at 1,951. 35, while the tech-rich Nasdaq Composite Index rose 5. 47 points, or 0. 12 per cent, to 4,458. Amazon shares sank 7. 3 per cent as its third-quarter loss rose ten-fold to $US437 million ($496 million) due to the costs of product launches including new phones, tablets and television programs. UPS gained 1. 7 per cent on earnings above expectations and its forecast of an 11 per cent jump in shipments in December.

Read more here: Business Spectator


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