Stocks Advance in Choppy Trading

Major U.S. stock indexes finished higher Thursday, supported by bargain hunters who emerged after three straight losing sessions on Wall Street. Equities rebounded from earlier declines as some encouraging January sales figures from some retailers helped to curb pessimism ignited by Cisco Systems' (CSCO) negative outlook for the current quarter. The U.S. dollar surged as interest rates climbed following a poor $9 billion 30-year Treasury refunding auction, while bond prices tumbled.

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