Stocks Finish Higher on Retail Report
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Wall Street closed its third straight winning week with another rally Friday, advancing as a new retail sales report and a consumer sentiment reading showed that Americans are growing more confident about the economy.
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Stock index futures were pointing to a slightly higher open on Wall Street on Wednesday, after a report showed retailers' holiday sales were at the lower end of expectations, though not as bad as some had feared.
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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.
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Wall Street stocks were moderately higher in early trade on Thursday with investors digesting better than expected retail sales for August amid concerns over elevated money market rates.
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US stocks rose yesterday after a measure of consumer confidence climbed to the highest since July, boosting retailers such as Wal-Mart Stores and reviving a rally that has lifted benchmark indexes to three-year highs.
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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. stocks ended higher on Wednesday  as better-than-expected earnings from Lehman Brothers Holdings  Inc. LEH.N provided a lift, even as crude oil prices rose to  a 2-week high and sparked worry about high energy costs.
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Investors welcomed the end of Oracle Corp.'s 18-month battle to take over PeopleSoft Inc., pushing stocks higher Monday. A better-than-expected survey of retail sales also helped the markets.
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U.S. stocks were higher on Tuesday,  boosted by strong earnings from Home Depot Inc. HD.N 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 climbed higher on Thursday,  with Wall Street bouncing back from a string of declines and  encouraged by December sales figures from U.S. retailers.
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U.S. stocks rose on Monday, after he  government said retail sales in November were better than  expected, a sign of economic strength.
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U.S. stock futures got a slight boost  on Friday after a report showed U.S. retail sales rose in  October, but the market still looked to open flat, pulling back  from the previous day's rally as oil prices nudge higher.
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Stocks rose on Wednesday after news  of an $11.5 billion retailing deal and solid earnings from  computer maker Hewlett-Packard Co. HPQ.N, but a rise in oil  prices caused stocks to trim gains.
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Stocks finished higher on Friday after an increased profit forecast by Microsoft Corp. boosted all three major indexes, while an upbeat outlook by lender Countrywide Financial Corp. stemmed fears of financial-sector losses.
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Reports of strong holiday retail sales looked to propel US stocks to big gains at the start of trading Monday.
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NEW YORK - Stocks were narrowly higher Tuesday as oil prices remained higher and Wall Street weighed a lackluster report on retail sales, but light volume showed that many investors remained on the sidelines.    With Hurricane Ivan threatening oil rigs in the Gulf of Mexico, crude futures moved higher for the second straight day...
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U.S. stocks gained on Tuesday as  retail shares, including Wal-Mart Stores Inc. WMT.N, got a  boost from a rise in January retail sales, while an increase in  M&A activity brightened sentiment.