While you were sleeping: US consumer boosts rally

Wed, 15 Feb 2017

By Margreet Dietz Feb. 16 (BusinessDesk) - Wall Street moved to fresh record highs after US reports showing a larger-than-expected increase in retail sales while consumer prices rising at the fastest clip in nearly four years underpinned the outlook for growth in the economy and corporate profits. A Commerce Department report showed retail sales rose 0.4 percent in January, following an upwardly revised pace of 1.0 percent in December. Separately, a Labor Department report showed the consumer price index climbed 0.6 percent last month, f...

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