Strong Retail Sales Push US Stocks Higher

By: AP
By: AP
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

Stocks are rising after the government reported a surprisingly strong increase in retail sales last month.

The Dow Jones industrial average is up 115 points to 12,965 in the opening minutes of trading. The Standard & Poor's 500 is up 8 points to 1,379. The Nasdaq composite is up 13 points to 3,024.

The Commerce Department says retail sales rose 0.8 percent in March, signaling that not even skyrocketing gas prices could put a damper on the mood of the American consumer. Retail sales hit a record high of $411.1 billion, 24 percent higher than the recession low hit in March 2009.

Also, Citigroup is reporting a profit of $2.9 billion. While short of many analysts' expectations, the bank noted that more customers are repaying their loans on time.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 147579275 -
Gray Television, Inc.