U.S. stocks opened higher on Thursday, after a government report showed that retail sales last month were stronger than expected. The Dow Jones Industrial Average DJIA was up almost 200 points, or 0.5%, soon after the opening bell, while the S&P 500 SPX gained 0.5% and the Nasdaq Composite COMP climbed 0.4%, according to FactSet data, at last check. Retail sales in the U.S. rose 0.6% in August, as consumers continued to spend, according to a report Thursday from the U.S. Census Bureau. That was stronger than the 0.1% gain forecast by economists polled by the Wall Street Journal.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- The Advicer: ‘It’s hard to get straight answers.’ I recently saw $100K go ‘poof’ — and after 9 years of ups and downs with my adviser, I haven’t earned a dime. Where do I turn for help? - October 2, 2023
- Movers & Shakers: SmileDirectClub shares plunge after bankruptcy filing, with Syndax and AMC shares climbing and other active stocks - October 2, 2023
- S&P futures rise as investors eye seasonal tailwinds - October 2, 2023