U.S. Stocks Halt 4-Day Drop Amid Retail Reports, Fed Bets
This article is for subscribers only.
Most U.S. stocks rose, with the Standard & Poor’s 500 snapping a four-day losing streak, as retailers’ results surpassed estimates and investors awaited signals on stimulus measures from the Federal Reserve.
Best Buy Co. rallied 13 percent after posting quarterly sales that exceeded projections. TJX Cos. added 6.9 percent as profit beat forecasts. Urban Outfitters Inc. jumped 8.2 percent as Wedbush Securities Inc. raised its rating on the stock. Zillow Inc. dropped 4.8 percent after the operator of the largest U.S. real-estate website announced a share sale.