Stocks jump as retail sales rebound

Investors kept the stock market’s upward momentum going today, sending shares sharply higher as the dollar extended its slide and after retail sales rebounded more than expected in October.

Major stock indexes rose more than 1% to new 13-month highs, including the Dow Jones industrial average, which jumped 136 points. The Standard & Poor’s (S&P) 500 index closed above the 1,100 mark for the first time in more than a year.