NEW YORK (AP) – Stocks are rising on Wall Street early Thursday on indications American consumers continue to spend and embrace online shopping.
The Dow Jones Industrial Average is up 67 points, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy.
A report showing stronger-than-expected retail sales and a solid profit outlook from Walmart may allay some concerns about the strength of the U.S. economy.
Walmart rose 5.5%.
The S&P 500 rose 11 points, or 0.4%, to 2,851. The Dow gained 0.3%, to 25,543. The Nasdaq rose 0.2% to 7,788.
The yield on 10-year Treasury slipped slightly to 1.57% following a sharp decline Wednesday.
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