Wednesday, August 15, 2012

Wall Street set to open higher after retail sales data

NEW YORK (Reuters) - Stocks rose on Tuesday after stronger-than-expected retail sales data suggested a return of consumer spending could spur economic growth and helped alleviate investors' fears about a slowdown in the economy.

The Dow Jones industrial average <.dji> gained 46.61 points, or 0.35 percent, to 13,216.04. The Standard & Poor's 500 Index <.spx> gained 4.62 points, or 0.33 percent, to 1,408.73. The Nasdaq Composite Index <.ixic> gained 10.39 points, or 0.34 percent, to 3,032.91.

(Reporting By Edward Krudy; Editing by Kenneth Barry)

Source: http://news.yahoo.com/stock-futures-signal-higher-open-data-eyed-103832040--finance.html

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