Retailers Bring Explosive Gains to the Stock Market Today
Tuesday morning brought a big move up for the stock market, adding onto Monday's modest gains. Some strong economic data created a more positive mood on Wall Street, with evidence supporting the idea that American consumers are trying to get back to normal. As of just after 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 316 points to 26,080. The S&P 500 (SNPINDEX: ^GSPC) had gained 42 points to 3,109, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 104 points to 9,830.
The biggest news for today came from the retail sector, where there's new data showing that people haven't stopped shopping yet. That's pushing shares of Nordstrom (NYSE: JWN) and Kohl's (NYSE: KSS) sharply higher and could point to more favorable conditions for the industry as a whole.
Image source: Nordstrom.
Source Fool.com
