In U.S. economic news, the government reported that retail sales unexpectedly fell in January. Economists were looking for no change last month, but sales dropped 0.4 percent. Excluding auto sales, sales were flat. Sales for November and December were also revised lower. Higher-than-expected unemployment claims were also a negative.
In international economic news, European markets finished the day mixed, while Asian markets ended with losses, led by the Nikkei, which fell 1.8 percent.
In corporate news, shares of Dow component
The dollar gained ground against the euro, the pound, and the yen. Light sweet crude oil for March delivery dropped
The Dow Jones industrial average moved up 63.65, or 0.40 percent, to 16,027.59. The broader Standard & Poor's 500 index climbed 10.57, or 0.58 percent, to 1,829.83. The technology-heavy Nasdaq composite index rose 39.38, or 0.94 percent, to 4,240.67.
--SPA 11:09 LOCAL TIME
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