Stocks jump as retail sales rebound in October

Nov 16th, 2009 - Forbes

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Investors grew more upbeat about the economy Monday after retail sales rebounded more than expected in October and as a weaker dollar sent commodity prices higher.

Major stock indexes rose more than 1 percent to new 13-month highs, including the Dow Jones industrial average, which jumped 125 points. The Standard & Poor's 500 index topped 1,110, the first convincing move above 1,100 after hovering around that level for the past month.

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