Retail sales, economic data boost US stocks

US stocks climbed today as strong April retail sales and a steep drop in oil prices alleviated investors’ worries about a greater-than-forecast jump in labour costs.

Retail sales, economic data boost US stocks

US stocks climbed today as strong April retail sales and a steep drop in oil prices alleviated investors’ worries about a greater-than-forecast jump in labour costs.

The Dow Jones industrial average gained 38.58, or 0.34%, to 11,438.86, its best close since January 2000.

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