Retail gives U.S. markets a boost

Wednesday, April 13, 2011 1:01 PM By dwi

NEW YORK, Apr 13 (UPI) -- U.S. markets rebounded weekday after the Commerce Department said retail income chromatic 0.4 proportionality in March.

The income amount did not quite reach the consensus forecast of a 0.5 proportionality rise, nor did it match February's revised gain of 1 proportionality over January. Combined with dropping oil prices, however, the retail report patterned a sharp fall in equities from the previous conference that was prompted by concerns of long-term consequences in Japan from the damaged Fukushima thermonuclear power plant.

In afternoon trading on Wall Street, the Dow Jones industrial average added 22.32 points, or 0.18 percent, to 12,285.90. The Standard & Poor's 500 finger gained 2.51, or 0.19 percent, to 1,316.67. The Nasdaq composite finger added 19.25 points, or 0.7 percent, to 2,764.04.

The 10-year treasury note chromatic 6/32 to consent 3.472 percent.

The euro was lapse to $.4448 from Tuesday's $1.4478. Against the yen, the note chromatic to 84.83 yearning from Tuesday's 83.73 yen.

In Tokyo, the Nikkei 225 finger chromatic 0.9 percent, 85.92, to 9,641.18.

In London, the FTSE 100 finger added 0.77 percent, 45.97, to 6,010.44.


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