US stock indices rise despite low productivity data ...Middle East

The major US stock indices are shrugging off the lower productivity/higher unit labor costs reported earlier. Unit labor costs rose 4.7% well above the 3.3% gain expected. The good news is the prior quarter was revised lower to 0.0%. Productivity came in at a low 0.3% versus 0.8% expected. The Q4 productivity growth was revised higher to 3.5% from 3.2%. The reportedA snapshot of the major indices are showing:Dow Industrial Average average up 233 points or 0.62% at 38137S&P index up 35.22 points or 0.70% at 5053.50NASDAQ index up 132 points or 0.86% at 15739.04After the close Apple will release their quarterly numbers. The shares are up $2.02 or 1.15% at $171.32In the US debt market, yields a

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US stock indices rise despite low productivity data ...Middle East

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