US stocks at late-morning, US stocks rose on Friday as robust commentary from some retailer's reinforced hopes of an uptick in consumer spending in the holiday season, even as an early November gauge of consumer confidence fell.
The Dow Jones industrial average gained 81.62 points, or 0.80 per cent, to 10,279.09. The Standard & Poor's 500 Index gained 6.77 points, or 0.62 per cent, to 1,094.01.
The Nasdaq Composite Index gained 11.95 points, or 0.56 per cent, to 2,160.97.
The US dollar, pressured by a surprise jump in the US trade deficit, resumed its decline against other currencies; supporting stocks a day after a rebound in the greenback helped end the Dow's six-day winning streak.
Optimism in retail spending made the S&P consumer discretionary index the top sector in the broad S&P 500. The S&P's index of six leading US department stores rose 1.6 per cent.
Friday, November 13, 2009
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