Stocks gained after President Barack Obama said he was open to extending the Bush-era tax cuts to all income levels. Boeing and Caterpillar gained.
Retailers largely reported better-than-expected sales in October, providing some momentum heading into the Christmas holiday shopping season.
Fed policy captures traders' attention. Also: October retail same-store sales were a mixed bag: some tricks, some treats. It's important to note that estimates have been coming down all month, and only about half have beat the consensus.
Just in time for the holidays, it looks like the luxury consumer is back. “We’ve been hearing that luxury goods sales globally, have been accelerating, and it’s in all categories, whether it is watches and jewelry or whether it is fashion and leather goods," said Dana Telsey, chief information officer at Telsey Advisory Group, in an interview on CNBC. "The demand is there.”
The Dow Jones industrial average and the Standard & Poor's 500 index are both up more than 5 percent this year, and barring something dramatic will finish in the black.
Stocks ended mixed after a volatile session as investors cautiously anticipated monthly jobs data and third-quarter earnings reports. Alcoa and Verizon fell, while GE and DuPont rose.
Stocks were modestly lower ahead of the closing bell, ending a volatile session marked by a handful of encouraging economic reports, a rising dollar, and investor caution ahead of quarterly earnings reports and monthly jobs data. Verizon and Alcoa fell, while GE rose.
Stocks were mixed Thursday as the Dow backed off after nearing striking distance of 11,000 for the first time since May. Pfizer and GE rose, while AT&T fell.
A late burst of back-to-school shopping helped many U.S. retail chains to top analysts' estimates in September.
September same store sales are in, and the vast majority have to be pleasantly surprised... How surprised? Overall, September same store sales are up 2.7 percent, versus expectations of 2.3 percent, according to RetailMetrics.
Stock index futures pointed to a lower open for Wall Street Thursday and gold powered ahead as investors remained cautious at the start of earnings season, which kicks off after the bell with numbers from Alcoa.
Retail sales continued to grow in September at a pace that was roughly equal to that in August, providing some reassurance that consumers are continuing to spend, albeit in a cautious manner, according to a report released Wednesday.
Cramer makes the call on viewers' favorite stocks.
Stocks ended higher for a third session a day before investors get a better glimpse of the economy's health in the August jobs report. Alcoa rose, Merck fell.
Stocks extended gains Thursday afternoon, although were still up modestly, amid subdued trading ahead of the August jobs report on Friday. Home Depot rose, American Express fell.
Stocks are up modestly after a batch of economic data that showed glimmers of strength in the economy as investors await the critical August jobs report coming out on Friday. Home Depot rose, American Express fell.
Retailers turned in surprisingly strong monthly sales reports in August, as sales-tax-free holidays and discounting coaxed shoppers to open their wallets and stock up on back-to-school items.
August same-store sales better than expected. Maybe those tax-free sales days made a difference: 17 states had at least one tax-free weekend in August, up from 13 last year, including big states like Florida, Illinois, and Massachusetts, and it looks like they made a difference.
U.S. stock index futures pointed to a marginally higher open Thursday, and showed little reaction to weekly jobless claims, which fell by 6,000 to 472,000, slightly less than expected.
Stocks tumbled Thursday after a series of disappointing economic reports and despite an uptick in mergers and acquisitions activity. The day's downdraft wiped out the weeks gains for the Dow and the S&P 500. Intel and GE fell.