While you were sleeping Retail sales, jobs lift stocks

Thu, 13 Jun 2013

By Margreet Dietz June 14 (BusinessDesk) - Stocks climbed as the latest data on US retail sales and jobs bolstered hope that the world's largest economy might be on track for a sustainable recovery. Retail sales rose a better-than-expected 0.6 percent last month after a 0.1 percent gain in April, data from the Commerce Department showed. Polls by Bloomberg News and Reuters had called for a 0.4 percent increase. The latest better-than-expected jobs data also helped. Initial claims for state unemployment benefits fell 12,000 to a seasonally ad...

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