Nasdaq Gains Over 100 Points; US Retail Sales Beat Estimates
U.S. stocks edged higher as strong retail sales lifted sentiment; utilities gained, energy fell, oil dropped, while European and Asian markets advanced.
People bought more stuff than expected, which made the stock market go up a little. When shoppers spend money, it usually means the economy feels healthy and companies can make good profits.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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