While you were sleeping: Retail therapy for Wall St

Thu, 25 May 2017

By Margreet Dietz May 26 (BusinessDesk) - Wall Street rallied, sending the S&P 500 and the Nasdaq to record highs, on better-than-anticipated earnings from retailers including Best Buy and Sears. Shares of Best Buy soared, trading 21.7 percent higher as of 3.15pm, after the electronics retailer posted a surprise gain in quarterly comparable sales. "We expect Best Buy to continue to perform at a high level across multiple categories, with appliances likely to be one of the bright spots given market dynamics," Moody's retail analyst Char...

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