Don't Count Shoppers Out, These 2 Stocks Say
Investors have been waiting for a nice rally, and it looks like they've finally gotten one. Thursday brought continued gains to major market benchmarks, as market participants looked on the bright side in watching interest rate increases start to calm in light of fears about an economic slowdown. As of 12:30 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 495 points to 32,615. The S&P 500 (SNPINDEX: ^GSPC) had picked up 76 points to reach 4,055, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had gained 299 points to reach 11,733.
Retail stocks have been under pressure, with inflation taking a toll on the amount of discretionary income consumers have at their disposal. However, strong results from Macy's (NYSE: M) and Dollar Tree (NASDAQ: DLTR) suggest some retailers are finding ways to tap into changing trends and still be successful.
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Source Fool.com
