Stock Market Today: Retail Roars Back, Markets Build Positive Momo
Kiplinger -

The major indexes staged a second consecutive sizable rally Thursday amid a number of encouraging retail reports and more signs that perhaps the recent downturn was a touch overdone.

Michael Reinking, senior market strategist for the New York Stock Exchange, noted an important potential sea change in yesterday's trading – namely, Dick's (DKS) and other retailers reversed early losses and led the market higher. "That type of price action where stocks rally despite 'bad news' suggested that...

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