US stocks surge after upbeat retail sales data
Published on Jan 15, 2014 5:53 AM
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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