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US stocks surge after upbeat retail sales data

Published on Jan 15, 2014 5:53 AM
 
Traders work the floor of the New York Stock Exchange at the end of the trading day on Jan 13, 2014 in New York City. US stocks closed solidly higher on Tuesday, buoyed by a better-than-expected report on December retail sales covering the holiday shopping season. -- PHOTO: AFP

NEW YORK (AFP) - US stocks closed solidly higher on Tuesday, buoyed by a better-than-expected report on December retail sales covering the holiday shopping season.

The Dow Jones Industrial Average climbed 115.92 points (0.71 per cent) to 16,373.86.

The broad-market S&P 500 advanced 19.68 (1.08 per cent) to 1,838.88 and the tech-rich Nasdaq rose 69.71 (1.69 per cent) to 4,183.02.

"The stock gods decided to buy the dip on Tuesday, a day after the biggest sell-off in about three months," said Mr Jon Ogg at 24/7 Wall St.

 
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