Stocks Post Gains on Retail Sales Improvement and Earnings with Citigroup (C) and Sprint Nextel (S) on the Move
Posted on October 15, 2012 at 16:15 PM EDT
Stocks moved higher this afternoon as investors welcomed a sharp rise in retail sales and better-than-expected quarterly earnings from Citigroup (C). Retail sales rose for the third straight month in September, the Commerce Department reported, exceeding economists' expectations. Sales at electronics and appliance stores climbed 4.5%, helped by the debut of Apple's (AAPL) iPhone 5. The department also revised upward the results for the prior two months. Other readings on the U.S. economy were muted as manufacturing in New Yo...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)