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
Thu, 04 May, 2006 - 23:20

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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CourtsBusinessHeathrowPlace: USPerson: William HummerPerson: Wayne HummerPerson: HummerPerson: Steven GoldmanPerson: GoldmanOrganisation: NasdaqOrganisation: Wall StreetOrganisation: Tyco InternationalOrganisation: Labour DepartmentOrganisation: Federal ReserveOrganisation: InvestmentsOrganisation: Weeden & Co.Organisation: New York Mercantile ExchangeOrganisation: US Labour DepartmentOrganisation: Wal-Mart StoresOrganisation: GapOrganisation: TycoOrganisation: Eastman KodakOrganisation: KodakOrganisation: StarbucksOrganisation: New York Stock Exchange
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