Florence, Ala. | Friday, May 24, 2013
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10/15/12 | 466 views

Stocks higher after retail sales improve

NEW YORK (AP) — Stocks opened higher today on Wall Street after a strong report on retail sales.

The Commerce Department said retail sales rose 1.1 percent last month after a 1.2 percent increase in August. Those are the largest gains since October 2010 and could reflect growing confidence in the economy.

In the first half-hour of trading, the Dow Jones industrial average was up 33 points at 13,361. The Standard & Poor's 500 index was up four points at 1,432. The Nasdaq composite index was up 13 at 3,057.

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