Monday, November 16, 2009

US stocks surge on retail sales, GM, Bernanke comments

US stocks rose Monday to 1-month highs after reports of improving retail sales, a better-than-expected General Motors quarterly report and Federal Reserve Chairman Ben Bernanke's hopes for growth in 2010.

Retail sales climbed 1.4 percent in October, according to new government data coming ahead of the upcoming holiday season. But September's sales were revised downward to a 2.3-percent drop, from a previously estimated 1.5 percent. more.

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