Stock Market Today: Stocks Get a Lift on Solid Retail Sales
by Karee Venema
Nov 16, 2021
1 minute
The broader stock market gained ground today with investors bolstered by upbeat news from the retail sector.
For starters, data from the Commerce Department showed retail sales rose 1.7% in October, above the 1.3% increase expected by economists. "American retailers racked up their best month since the rebates-led spike in March, suggesting inflation has yet to clamp down on purchasing power," says Sal Guatieri, senior economist at BMO Capital Markets.
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