Retailers keep Wall Street on its record run

NEW YORK - Rising retailers pushed U.S. stock indexes further into record territory on Friday, as the market's fabulous start to 2018 carried through its second week.

Interest rates also climbed after a report showed that a key component of inflation accelerated last month. But stocks absorbed the gains without a hiccup, unlike earlier in the week when rate worries helped send the Standard & Poor's 500 lower for its lone blemish this year.

The S&P 500 is already up more than 4 percent for 2018.

Retailers led the way after a report confirmed that the holiday shopping season was a strong one. The numbers fit with what individual retailers have said recently, and several have raised their profit forecasts as a result....

25 Published By - Houston Chronicle - Business - 2018.01.13. 02:47
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