Stocks Gain on Retail Sales, Jobless Claims

Reports issued Thursday eased fears about consumer spending and the labor market. Economists remain divided about whether the Fed will cut rates

U.S. stock indexes finished higher on Thursday as optimism about an assortment of better-than-expected economic data and stronger August retail sales figures won out over jitters about record-high foreclosure filings and doubts about a Fed rate cut on Sept. 18.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.