While you were sleeping Citigroup, US retail sales shine

Mon, 15 Oct 2012

By Margreet Dietz Oct 16 (BusinessDesk) - Wall Street advanced as better-than-expected US retail sales and Citigroup earnings bolstered optimism about the economic outlook, signs that were warmly welcomed hot on the heels of last week's darker mood. Shares of Citigroup climbed, last up 3.9 percent, after the bank's third-quarter profit beat expectations. That helped set the tone. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.67 percent, while the Standard & Poor's 500 gained 0.58 percent and the Nasdaq Composite In...

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