Midday Market Update

Retail Sales and Bank Earnings Data Push US Shares High

Manjul Bhusal Sharma

U.S. Markets
U.S. stocks were higher as the Commerce Department released figures that showed retail sales grew by 0.6% in December. Higher demand for cars fueled the growth. The Dow and S&P were up 0.09% and 0.29%, respectively. Nasdaq edged up 0.57%. Gold was trading for $1194.40 per ounce, down 0.45%

The national average price of unleaded gasoline has been increasing steadily, from $2.21 per gallon at the end of October to $2.351 this morning. The oil industry and commodity traders will keep a close eye on OPEC compliance and wait for the release of the first output report, which is expected in mid-February.  

Manjul Bhusal Sharma does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.