Retail Gains Drive Dow Up 83

Signs of life from the consumer help stocks rebound
By Nick McMaster,  Newser Staff
Posted Aug 18, 2009 3:15 PM CDT
Retail Gains Drive Dow Up 83
Trader Richard Newman, right, works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)

Positive retail reports helped get stocks back on track today after recent declines, the Wall Street Journal reports. Home Depot, Target, and Saks saw smaller-than-expected declines in quarterly profit, while discount chain TJX reported a 31% gain. The Dow rose 82.60 to close at 9,217.94. The Nasdaq gained 25.08, closing at 1,955.92, and the S&P 500 added 9.94 to settle at 989.67. (More Dow Jones stories.)

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