US Stocks Close Higher, Buoyed By Retail Data

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2018-02-15 HKT 05:27

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  • Wall Street closed higher again, with investors more confident that lower than expected retail figures mean inflation isn't rising too fast. File photo: AP

    Wall Street closed higher again, with investors more confident that lower than expected retail figures mean inflation isn't rising too fast. File photo: AP

Wall Street finished solidly higher on Wednesday, rising for a fourth straight session, after weak retail sales data offset investors’ concerns over a jump in inflation.

Bank stocks rose, as did technology, industrial and consumer-focused companies.

The Dow Jones Industrial Average ended at 24,893, up 1.0 percent.

The S&P 500 gained 1.4 percent to end at 2,698, while the Nasdaq Composite Index jumped 1.9 percent to 7,143. (AFP, AP)

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