Wall St shrugs off China rate move

Stocks in the US were little changed today as investors focused on strong holiday shopping results and looked past an interest rate hike in China.

Data from MasterCard Advisers’ SpendingPulse survey estimates that US retail sales between November 5 and December 24 rose 5.5% from last year. Wall Street is anticipating that tomorrow’s consumer confidence index for December will reflect this optimism.