Stocks Drive Higher on Good Retail Sales

NEW YORK (AP) - Strong February retail sales are driving stocks higher. The Nasdaq is pushing above 3,000 for the first time in two weeks.

The Commerce Department said Tuesday that U.S. retail sales rose 1.1 percent last month, the biggest gain since September. Some of the gain reflected higher gas prices, but consumers also bought more cars, clothes and appliances.

The government also reports today that number of U.S. jobs openings fell in January from a three and a half year high. The modest decline suggests hiring could continue at its healthy pace but may not accelerate.

And U.S. companies restocked at a faster pace in January, a sign that businesses expect stronger job growth to fuel more sales. The Commerce Department says business stockpiles rose 0.7 percent in January after a 0.6 percent gain in December


KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 142514065 - kbtx.com/a?a=142514065
Gray Television, Inc.