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12 Mar 2015
US stocks rise after two days of losses
FXStreet (Córdoba) - US stocks ended sharply higher on Thursday, recovering after two days of losses as the dollar retreated from a 12-year high.
The Dow Jones Industrial Average rose 1.5%, to 17,895. The S&P 500 index gained 1.3%, to 2,065, and the Nasdaq Composite climbed 0.9%, to 4,893.
Today's gains sent the DJIA and the S&P 500 back into positive territory for the year.
Stocks were under pressure over the last sessions as investors began to price in a Fed rate hike by mid-year following surprisingly strong NFP data. However, weak US retail sales helped to calm down tightening expectations and sent stocks higher.
US retail sales dropped by 0.6% last month, missing by far expectations of a 0.3% increase, while excluding autos, sales fell by 0.1%, below the 0.5% rise expected.
The Dow Jones Industrial Average rose 1.5%, to 17,895. The S&P 500 index gained 1.3%, to 2,065, and the Nasdaq Composite climbed 0.9%, to 4,893.
Today's gains sent the DJIA and the S&P 500 back into positive territory for the year.
Stocks were under pressure over the last sessions as investors began to price in a Fed rate hike by mid-year following surprisingly strong NFP data. However, weak US retail sales helped to calm down tightening expectations and sent stocks higher.
US retail sales dropped by 0.6% last month, missing by far expectations of a 0.3% increase, while excluding autos, sales fell by 0.1%, below the 0.5% rise expected.