While you were sleeping US consumers, Citigroup

Mon, 14 Apr 2014

By Margreet Dietz April 15 (BusinessDesk) – Wall Street rose as solid US retail sales data and better-than-expected results from Citigroup calmed frayed nerves and reassured some investors about the outlook for the world’s largest economy and corporate profits. A Commerce Department report showed that retail sales climbed a better-than-expected 1.1 percent in March, while February’s gain was revised up to 0.7 percent. Last month’s increase was the largest since September 2012. “This is not a fragile economy," Chris Rupkey, chief financial ec...

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