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December 8, 2023
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Stocks move higher on retail boost

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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks climbed on Tuesday, as earnings from Home Depot and stronger than expected retail sales data signaled solid consumer health and eased concerns about a Federal Reserve that may need to become more aggressive to combat rising inflation. Data showed retail sales jumped 1.7% in October, the largest gain since March and above the 1.4% estimate, indicating Americans have begun holiday shopping early in an effort to avoid a shortage of goods amid stretched supply chains. Retailer Home Depot Inc jumped 5.91% to a record intraday high and was on pac…

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