Dow Rises 100+ on Retail Sales Report

S&P 500, Nasdaq also rise
By Evann Gastaldo,  Newser Staff
Posted Aug 12, 2011 8:48 AM CDT
Traders Robert Vella, left, and Peter Tuchman work on the floor of the New York Stock Exchange Thursday, Aug. 11, 2011.   (AP Photo/Richard Drew)

(Newser) – Markets are up, at least for now: The Dow was up more than 100 points at open, with the S&P 500 and Nasdaq following suit, up about 11 and 13 points, respectively, MarketWatch reports. An upbeat report on retail sales no doubt prodded stocks upward: July sales rose a seasonally adjusted 0.5%, their biggest gain in four months. Currently the Dow is hovering in the 11,200 range.

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