News Summary: Retailers lead stock indexes higher

News Summary: Retailers lead stock indexes to their fourth day of gains; Tech stocks slump

Associated Press

RETAIL POWER: Rite Aid, Ross Stores and other retailers surged Thursday after turning in better sales, leading major stock market indexes higher. The discount chain Ross Stores jumped 6 percent, the best gain in the Standard & Poor's 500 index.

UNPLUGGED: Makers of computer hardware and software sank following a report that first-quarter shipments of PCs dropped 14 percent worldwide over the past year. Hewlett-Packard lost 6 percent and Microsoft lost 4 percent.

FINAL SCORE: The Dow Jones industrial average gained 62.90 points to 14,865.14, up 0.4 percent. The S&P 500 rose 5.64 points, also 0.4 percent, to 1,593.37.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You