Rebounds
Rebounds in retails and strong jobs are reported to push stocks near their highest levels of the year. U.S. retailers had their best sales since June 1999 as shoppers were tempted to shop by stores because of their warm and deep discounts. Kohl’s, Target, and Urban Outfitters each gained more than 6%. Although investors are very concerned with regards to the gas price that we now have as consumers, they will definitely constrain themselves from over spending since all of us are looking for ways to save money. But high sales figures reassured markets that consumers were becoming more willing to spend again.
Points and Percentages
The Dow Jones industrial average gained 93.47 points, or 0.7 percent, to close at 12,719.49. The Standard and Poor’s 500 index added 14 points, or 1.1 percent, to 1,353.22. Is this the start of a good economy for the U.S.? We hope so. Only time will tell
