Stocks open higher after stronger-than-expected retail sales rise

Referenced Symbols

Stocks opened higher Friday after data showed a larger-than-expected rise in June retail sales. The Dow Jones Industrial Average DJIA, -0.38% rose 75 points, or 0.2%, to 35,061, while the S&P 500 SPX, -0.31% was up 0.3% at 4,374.16. The Nasdaq Composite COMP, -0.31% advanced 0.5% to 14,615.25. Retail sales increased 0.6% last month, the government said Friday. The Economists polled by The Wall Street Journal had forecast a 0.4% decline.

Read Next

Read Next

U.S. stocks close mixed after Powell reiterates expectations for inflation pressures to fade

U.S. stocks closed mixed on Thursday, with the S&P 500 and Nasdaq Composite bouncing off session lows in mid-afternoon after investors weighed mostly upbeat U.S. economic data, corporate earnings reports, and a second day of testimony by Federal Reserve Chairman Jerome Powell.

More On MarketWatch

About the Author