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Retail Sales, Jobless Claims Lift Stocks |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:19 PM EDT May 08 2008
U.S. stocks opened higher after the release of jobless data and same store retail sales. Discount retailers led gains in sales in April as families look for ways to save money. Costco, for the twelve months in a row reported same store sales rise above 5%. In April sales rose 6%, excluding gasoline sales. Wal-Mart sales rose 3.2%. The ECB and the Bank of England left rates unchanged at 4% and 5% respectively. |
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