Retailers Lead Stock Gains on Wall Street

Dow ends day up 98
By Newser Editors and Wire Services
Posted Jan 7, 2019 3:00 PM CST
In this Jan. 4, 2019, file photo Mario Picone, center, works with fellow specialists on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks rose again following a strong report on the economy and the resumption of trade talks between the US and China, the AP reports. The gains Monday built on a massive rally on Friday, the latest big swing over the past three months. Companies that rely on consumer spending did especially well. Amazon jumped 3.4%, surpassing Microsoft as the most valuable publicly traded US company. Mattel jumped 7.7% after announcing a licensing deal with the South Korean boy band BTS. The S&P 500 rose 17 points, or 0.7%, to 2,549. The Dow Jones Industrial Average added 98 points, or 0.4%, to 23,531. The Nasdaq rose 84 points, or 1.3%, to 6,823. (Read more stock market stories.)

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