US stocks higher

Comment on this story
IOL wall street THE PHOTO HOLIC File image

US stocks rose in opening trade Tuesday, helped by a better-than-expected retail sales in July.

The blue-chip Dow Jones Industrial Average added 21.61 points (0.16 percent) to 13,191.04 in the first five minutes of trade.

The broader S&P 500-stock index gained 3.15 (0.22 percent) to 1,407.26, while the tech-rich Nasdaq was up 6.72 points (0.22

percent) to 3,029.24.

US retail sales rose by a better-than-expected 0.8 percent in July, breaking a three month losing streak and offering hope of faster growth in the third quarter, official data showed.

Also helping was data showing the eurozone contracted by 0.2 percent in the second quarter, exactly as most forecasters had predicted, although German growth of 0.3 percent beat expectations. - Sapa-AFP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines