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4/13/2016, 10:01 PM (Source: TeleTrader)
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Closing bell: Markets finish decidedly higher

Markets in the United States saw stocks trading decidedly higher on Wednesday, carried on the wave of encouraging China exports data. Big-banks earnings season reporting started with JPMorgan Chase good quarterly earnings, but with visible lower activity and incomes compared to the same period a year ago. The Federal Reserve's Beige Book report said the U.S. economy continued to grow in February-April period with strong employment creating an uptick in wage growth. Oil prices slipped by the end of the trading day on fading hopes of OPEC-arranged output cut.

Here's the breakdown at the closing bell.

The Dow Jones Industrial Average closed up 1.05% at 17,908 points, just 0.38% shy of breaking even for the year. JPMorgan Chase & Co. rose 4.23% after earnings report, and Goldman Sachs Group climbed 3.59%. Caterpillar Inc. added 3.98%, while the Coca-Cola Company lost 1.31%.

The Standard and Poor's 500 index closed up 1.00% at 2,082 points, down 0.48% for the year. Telnet Healthcare Corporation rocketed up 9.23%, Micron Technology Inc. rose 6.98%. Reynolds American Inc. sunk 4.12% and Newmont Mining dug in 4.01%.

The technology-driven Nasdaq 100 performed best, and rose 1.31% to close at 4,554 points. Micron was on top here too, and JD.com Inc. added 5.27%. Seagate Technology Plc rolled down 3.17% and Monster Beverage Corporation spilled 1.01%.

Prices of the U.S. sovereign bonds saw mixed reaction on the Federal Reserve's Beige Book release. The 10-year Treasuries inched down to 1.764%. That followed the auction of $20 billion notes at 1.765% with increased demand, in 2.75 bid-to-cover ratio. The 30-year bonds fell to 2.583%.

Across the border in Toronto, the S&P/TSX Composite rose 0.66% to 13,671 points following the Bank of Canada's decision not to raise key interest rate of 0.5%, with good economic outlook for 2016. Industrial sector pulled up the entire index, and financials and consumer discretionary also contributed to gains, while materials, staples, telecom and energy weighed down. Performance Sports Group Ltd. went up 15.54% and Nobilis Health Care rose 10.43%. Main losers were Altius Minerals, down 7.24% and Meg Energy Corporation down 5.94%.

Light sweet crude West Texas Intermediate for May delivery ended trading 1.32% lower at $41.62 a barrel, after hitting daily high of $43.68 a barrel, at the ICE Europe at 9:56 p.m. CET (3:56 p.m. EDT). Last price in the U.S. stood at $41.76 a barrel. The international benchmark Brent for delivery in June traded 1.36% lower at $44.09 a barrel with daily high of $44.94 a barrel. The OPEC has posted its daily basket price of 13 crudes at $38.62 a barrel on Tuesday, compared with $37.02 the previous day.

The U.S. dollar index was up 0.82%, and traded 0.51% higher compared to the Canadian loonie, 0.94% higher against the euro, and 0.69% versus the Japanese yen at 10:22 p.m. CET (4:22 p.m. EDT).

Image: Beta/AP

Breaking the News / ZR