Wall Street closes higher

Investors shrug off weak retail numbers, push Dow back above 16,000

United States stocks closed higher, reversing losses in late afternoon trade as investors overlooked disappointing retail sales report and soft weekly jobless claims numbers.

Stocks started the day in the red but turned around as investors took heart from news of cable operator Comcast's $US45.2 billion ($A50 billion) acquisition of Time Warner Cable.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles