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US stock indexes rally following solid retail sales report

Jan 16, 2020 - Associated Press
Financial Results

NEW YORK (AP) - Stocks rallied on Wall Street in early trading as a solid retail sales report injected more optimism into markets following the signing of an initial trade deal between the U.S. and China.

Consumers have been the backbone of economic growth and the government's December report on retail sales showed that they continued spending at a healthy pace. Investors are also weighing a mixed bag of corporate earnings.

The good economic news follows the signing of the "Phase 1" ...