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Stocks Change Little from Records on Retail Data

Stocks Change Little from Records on Retail Data (Bloomberg)

Both the S&P 500 and the Dow Jones Industrial Average made slight gains from yesterday’s records today, thanks in part to data that showed March retail sales were higher than initially reported. “We’ve had a stealth rally in the market to this record,” Eric Marshall, a portfolio manager at Hodges Funds in Dallas, said. “The fact that we’ve moved up and hit new highs, in spite of some lingering negative sentiment, is a very healthy and positive thing for the market.”

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