• Dow rises 112 points as retail-sales blowout helps snap 3-day skid

    3 days ago - By Business Insider

    Mario Tama/Getty Images
    US stocks jumped on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than double economist estimates. The reading marked the gauge's fifth straight increase and a sharp bounce from August's 0.6% gain. The encouraging economic data offset dwindling odds of a preelection stimulus deal. Senate Majority Leader Mitch McConnell said Thursday that he planned to bring only Senate Republicans' smaller package to a vote , quashing hopes for Democrats' larger proposal. Oil futures pared...
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