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
Retailers Lead Stock Gains on Wall Street
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)

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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