Facebook and Apple drive market surge in US

FOCUS, Money: Making sense of what's happening with the stock market

Dow sheds another 1000 points in tough trading

The industrials sector fell 0.3 per cent.

The Labor Department said consumer prices, excluding food and energy, rose 0.3 percent last month. Brent crude, used to price global oils, lost 20 cents to $62.59 a barrel in London. Copper picked up 7 cents, or 2.3 percent, to $3.24 a pound. They hit a four-year high of 2.902 on Monday. Volume on the TSX index was 219.33 million shares.

USA stocks opened solidly lower on Wednesday, suggesting major indexes would snap a three-day streak of gains, after the latest data on inflation underlined concerns that the Federal Reserve could become more aggressive in raising interest rates.

Japan's Nikkei 225 rose 1.14%, while in Sydney, the S&P/ASX 200 rose 0.81%.

A pair of reports out today have put the economy on alert: inflation is rising more than expected while retail sales saw their biggest drop in nearly a year. Last week, the markets dealt with a beating but now, today, they have shown some signs of recovery.

"We think we're going to be volatile for a few more trading days at least, as the market sorts out what's really been going on", Haworth said.

USA retail sales slipped 0.3 percent in January, according to data showed on Wednesday. Investors are concerned that the inflation, if shows aggressive rate hikes, will definitely choke the bonds and stocks market both. It remains down 7.3 per cent from a record high on Jan 26 and is now priced at levels first reached in early December. The Dow Jones Industrial Average fell 120 points, or 0.4%, to 24,535. The CBOE Volatility index was at about 18-point mark on Thursday, well off the 50-point peak touched last week.

Following Wall Street's recent swings, the S&P 500 is down 0.4 per cent for the year. The index rose 1.5 percent Friday but still wound up with its worst weekly loss in more than two years.

The Federal Reserve has an inflation target of 2 percent. Those stocks are often compared to bonds due to their big dividend payments and relatively steady prices, but investors find them less appealing when bond yields are rising.

Of the 70 per cent of the S&P 500 companies that have reported earnings, almost 78 per cent of them topped profit expectations, according to Thomson Reuters data.

On a like-for-like basis revenue per available room - known as RevPAR in the hotel trade - rose 3.8% in the fourth quarter, driven by increases in the average daily rate - hotel room revenue divided by the total number of room nights sold for a given period - and occupancy.

Advancing issues outnumbered declining ones on the NYSE by a 2.28-to-1 ratio; on Nasdaq, a 2.94-to-1 ratio favored advancers.

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