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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

US industrial production rose 0.7% in April vs. 0.3% increase expected

U.S. factory output expanded in April as makers of machinery and cars posted solid increases in production, a sign that the country's manufacturing sector was resisting the downward pull from sputtering global growth.

Manufacturing output rose 0.3 percent, the Federal Reserve said on Tuesday. The reading matched the gain expected in a Reuters poll of economists.

Overall industrial output rose 0.7 percent last month, beating the consensus forecast of a 0.3 percent gain, as utilities output rebounded from March when it was restrained by warmer-than-usual...


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