Buoyant Retail Sales Figures Lift US Stocks
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2018-06-15 HKT 04:16
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US stocks closed mostly higher on Thursday as investors cheered strong retail sales growth in May.
Comcast gained 4.6 percent and Walt Disney advanced 2.3 percent as the two companies battle for control of businesses being sold by Twenty-First Century Fox. Fox rose 2.1 percent.
US retail sales rose last month by the largest amount since November, a signal that consumers are very confident about the US economy.
The S&P 500 index rose 0.2 percent to 2,782.
The Dow Jones industrials slipped 0.1 percent to 25,175. The Nasdaq composite added 0.8 percent to 7,761, a new record. (AP)
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