In the industrial sector, driven by rising U.S. stock market Thursday afternoon, continue to climb. FedEx raised its full-year outlook, the industrial sector in general to rise.
At 12:35 on December 16 EST, the Dow Jones industrial average rose 34.67 points to 11,492.14 points, or 0.30%; the Nasdaq composite index rose 17.31 points to 2,634.53 points, or 0.66%; the S & P 500 Index rose 5.57 points to 1,240.80 points, or 0.45%.
Industrial and raw materials sector led the broader market. Dow component Alcoa (AA) rose 2.7%. Bank of America (BAC) rose 2.2% after reports that the company has started with some of the largest mortgage investors to negotiate, it is possible to reach a settlement.
Package delivery company FedEx (FDX) shares rose 2.2%, the company announced second-quarter profit fell 18%, but raised its full-year outlook and said the global economy is expected to have become more optimistic. FedEx said that despite the second quarter by a wide range of labor costs and expenses of legal proceedings, but this quarter include the delivery of overseas reached a record level.