US stocks gain on retail sales – Bangkok Post- Topic: Stock Trading News
New York (dpa) – US stocks rose Friday after retail sales grew more than economists expected, boosting investor confidence that the nation’s housing slump will not trigger a recession. General Motors Corp advanced the most in the blue-chip Dow Jones Industrial Average, rising nearly 7 per cent to a three-year high as investors hoped a union deal will let the automaker cut costs. The broader Standard & Poor’s 500 ended its fifth straight winning week, adding 7. Wall Street welcomed a government report that US retail sales rose 0. For the week, the S&P 500 rose 0. read more
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