Retail Gains Drive Dow Up 83

Signs of life from the consumer help stocks rebound
By Nick McMaster,  Newser Staff
Posted Aug 18, 2009 3:15 PM CDT
Trader Richard Newman, right, works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)
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(Newser) – Positive retail reports helped get stocks back on track today after recent declines, the Wall Street Journal reports. Home Depot, Target, and Saks saw smaller-than-expected declines in quarterly profit, while discount chain TJX reported a 31% gain. The Dow rose 82.60 to close at 9,217.94. The Nasdaq gained 25.08, closing at 1,955.92, and the S&P 500 added 9.94 to settle at 989.67.