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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

(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.

Traders Robert Vella, left, and Peter Tuchman work on the floor of the New York Stock Exchange Thursday, Aug. 11, 2011.
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)
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COMMENTS
Showing 2 of 2 comments
Fondue
Aug 12, 2011 9:45 AM CDT
The Dow will fall. You watch.
Non-deep-thinker
Aug 12, 2011 9:04 AM CDT
Retail sales went up because people ran out of FOOD...   [Cue Sam Kinison]...
 

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