*JPMorgan lifts S&P 500 year-end target to 1,715. *Tableau Software surges in first day of trade. NEW YORK, May 17- U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
*JPMorgan lifts S&P 500 year-end target to 1,715. NEW YORK, May 17- Growth sectors led Wall Street's advance on Friday as encouraging economic data put major U.S. stock indexes on track to close their fourth straight week of gains.
The benchmark S&P 500 index fell 0.5 percent on Thursday, its biggest drop since May 1, after a Federal Reserve official said the U.S. central bank could begin reducing its monetary stimulus program this summer.
*University of Michigan consumer sentiment data, leading indicators on tap.
U.S. stock market index futures were higher Friday, with major averages looking to log their fourth-straight week higher, ahead of a key reading on consumer sentiment.
*University of Michigan consumer sentiment data, leading indicators on tap. *J.C. Penney dips after earnings. Data expected on Friday includes the Thomson Reuters/ University of Michigan Surveys of Consumers preliminary May consumer sentiment index at 9:55 a.m..
*J.C. Penney dips after earnings. *Kansas City Southern to join S&P 500. *Data expected on Friday includes the Thomson Reuters/ University of Michigan Surveys of Consumers preliminary May consumer sentiment index at 9:55 a.m..
NEW YORK-- S&P Dow Jones Indices LLC said Thursday that railroad operator Kansas City Southern will replace Dean Foods Co. on the S&P 500 Index. Dean Foods spun off its WhiteWave Foods organic dairy unit late last year, and it also sold its Morningstar Foods warehouse delivery dairy business.
NEW YORK-- Janney Capital Markets told clients Tuesday that Dean Foods is a good bet, seeing better cash flow and profitability ahead. Dean Foods is worth about $12 per share, excluding the about $15 per share value of its stake in WhiteWave Foods Co. The company plans to spin off part of its remaining stake in WhiteWave later this month.
DALLAS-- Dean Foods' net income skyrocketed in the first quarter on the sale of its massive Morningstar division. The Dallas food and beverage company surprised Wall Street even when the sale of Morningstar is excluded and shares rose in early trading. For the three months ended March 31, Dean Foods Co. earned $492.6 million, or $2.63 per share.
U.S. stock market index futures pared their losses Thursday, following a better-than-expected jobless claims report, but gains were limited following the recent market rally that propelled the Dow and S&P 500 to fresh all-time highs.
NEW YORK, May 3- With Friday's U.S. payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue. said Art Hogan, managing director of Lazard Capital Markets in New York.
NEW YORK, May 3- With Friday's U.S. payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue.