Retail Sales Jump But Oil Hits Confidence
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A big climb in September U.S. retail  sales and larger-than-expected gains in underlying producer  prices boosted hopes for stronger growth and views the Federal  Reserve will keep raising interest rates.
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Consumers put aside worries about the weak economy and high gasoline prices to storm the shopping malls, pushing up retail sales in November. Wholesale prices shot up by the largest amount in 34 years, which could be a harbinger of higher prices to come for shoppers.
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US STOCKS rose on Friday after a government report showed better-than-expected retail sales and United States Federal Reserve Chairman Alan Greenspan suggested that record oil prices would not slow economic growth.
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Wall Street stocks traded higher Friday as a strong retail sales report increased investors&#39; confidence about the economy. The Dow Jones industrial average rose 69.
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Stocks jumped on Thursday as a global rebound in equity markets gave investment banks a lift and U.S. retailers' posted generally strong monthly sales, stemming some concerns about the health of the U.S. economy.
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Stocks rose at the open on Thursday  after a flurry of retailers such as Wal-Mart Stores Inc.   Target Corp  and J.C. Penney Co. Inc.   released reassuring monthly sales figures and outlooks.
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Stocks rose on Thursday and the Dow climbed to an intraday record after major retailers issued reassuring monthly sales figures and outlooks, a sign consumer spending will continue to support economic growth.
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U.S. retail sales jumped a more-than-expected 1.2 percent in December, but first-time jobless claims posted a surprise climb and import prices dipped more than anticipated, government reports showed on Thursday.
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U.S. retail sales jumped a  larger-than-expected 1.2 percent in December as lower gas  prices left shoppers with more cash to spend, while cheaper oil  also pulled down import prices more than anticipated,  government reports showed on Thursday.
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Wall Street resumed its year-end rally today, bolstered by a new report which showed consumer confidence had jumped sharply in recent weeks.
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Britain&#39;s retail sales unexpectedly bounced back last month as shoppers apparently shrugged off the Bank of England&#39;s five interest rate rises since November.
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NEW YORK - A surge in oil prices and a disappointing report on retail sales prompted investors to cash in some profits Tuesday, keeping stocks narrowly mixed.    With Hurricane Ivan threatening oil rigs in the Gulf of Mexico, crude futures moved higher for the second straight day, renewing investors' fears of a further drop-off in consumer spending due to higher gasoline prices...
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NEW YORK Stocks moved mostly higher Friday as a stronger-than-expected retail sales report showed that record oil prices had not scared consumers away from spending.
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NEW YORK -- A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe's helped send stocks sharply higher yesterday, with the swing exaggerated by thin late summer trading. The Dow Jones industrials surged nearly 130 points.
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Retail sales rose more than twice as  much as expected in May, while import prices surged, adding to  recent data suggesting the U.S. economy is recovering strongly  after a slowdown in the first quarter.
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Oil prices briefly climbed back over $50 on Tuesday, pushed higher by supply outages in the North Sea and fears about low stocks of winter heating fuels.
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Stocks moved higher in a late-session buying surge yesterday, as oil prices stepped back from their highs and investors shrugged off mixed economic data, focusing with renewed optimism on the government&#39;s upcoming jobs report.