U.S. stocks finished higher on positive Retail Sales data
June 11, 2015
Wall Street climbs after retail sales data
U.S. stocks climbed on Thursday as retail sales data lifted the outlook for consumer spending and as healthcare shares gained.
U.S. retail sales increased 1.2 percent in May, more than expected, as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, according to Reuters.
“You had good retail sales today and slightly above expectations. Remember how weak retail sales were in the winter, so you would expect a bounceback here,” said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York.
However, the market stayed cautious over Greece. The International Monetary Fund said its delegation had halted negotiations in Brussels and flown home because of differences with Athens.