Politic > Economy
Better results from retailers help send stock market higher
1 month ago | By Boston Herald
Stocks closed broadly higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy's and other retailers.
The S&P 500 rose 2% and is on pace for its first weekly gain after seven straight losses, its longest such stretch since 2001.
The Dow Jones Industrial Average rose 1.6% and the Nasdaq gained 2.7%. Smaller company stocks also made strong gains, a sign of bullishness on the economy.
Bond yields rose. The yield on the 10-year Treasury, which helps set interest rates on mortgages, rose to 2.75% from 2.74% late Wednesday.
Roughly 90% of the stocks in the...
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Better results from retailers help send stock market higher
1 month ago | By Star Tribune
Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy's and other retailers. The S&P 500 rose 2% and is solidly in the green for the week following a choppy few days of trading. The gains have positioned the benchmark index for its first weekly gain after seven straight losses. The Dow Jones Industrial Average rose 1.6% and the Nasdaq rose 2.7%. The better-than-expected reports from retailers helped allay investors' worries about the sector, which took big losses last week after Target and Walmart reported dismal results. Bond...
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Stocks rise broadly on gains from retailers including Macy's
1 month ago | By Star Tribune
Stocks rose broadly in afternoon trading on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy's and other retailers.
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