Stocks Surge on Retail Sales Reports
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Stocks rose sharply in early trading higher Thursday as investors gleaned positive consumer spending trends from retailers' June sales reports. A new bid for aluminum maker Alcan Inc. added to the market's upbeat mood.
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By George Chamberlin , Daily Transcript Financial Correspondent. Stock prices moved sharply higher Wednesday, pushed by a strong earnings report from Hewlett-Packard and a blockbuster deal in the retailing sector.
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US stocks rose, capping the Standard &amp; Poor&#39;s 500 Index&#39;s best three-week rally in two years, as better-than-expected reports on retail sales and consumer confidence suggested the economy may accelerate.
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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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U.S. stocks rose sharply on Tuesday, driving all three major stock indexes up more than 1 percent, as nearly a week of steep declines made shares' valuations look enticing to buyers.
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U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain since 2002, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals.
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U.S. stocks surged for a second day today after tame inflation data encouraged investors already buoyed by the Federal Reserve's interest-rate cut the day before.
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US stocks advanced on Friday as a jump in September retail sales boosted investor confidence in the economy, but oil prices at a fresh record of $55 a barrel kept gains in check.
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Stocks rose on Thursday after data showed new home sales increased more than economists had expected last month, boosting optimism about economic growth and corporate profits.
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U.S. stocks rose on Tuesday, getting a  boost from some strong retail earnings, lower oil prices and  two separate economic reports that showed inflationary pressure  was held in check and U.S. housing starts rebounded sharply in  July.
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Stocks jumped on Friday as surprisingly strong data on home sales and factory orders relieved anxiety about the economy and bolstered confidence after weeks of market turbulence.
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US stock-index futures gained after a government report showed sales at retailers in October, excluding autos, rose more than expected.
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Stocks rose steadily in late trading Friday as Wall Street welcomed a new retail sales report that showed an increase in consumer spending.
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U.S. stocks gained on Tuesday as  sharply stronger consumer confidence data cheered investors and  boosted retailers, while Internet stocks rose following a  brokerage's upgrade of Web retailer Amazon.com Inc. AMZN.O.
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US stocks were higher at midmorning on Thursday, as a slew of deals fuelled the market&#39;s momentum, a day after the S&amp;P 500 had risen to a record close.
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NEW YORK - Stocks moved higher Friday as a stronger than expected retail sales report showed that higher oil prices aren't scaring consumers away from spending. Federal Reserve Chairman Alan Greenspan's positive comments on oil prices also encouraged investors...
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Stocks rose on Thursday as a rebound in global equity markets helped boost financial shares and robust monthly sales from some retailers relieved worries about the economy's health.