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  • Stocks started the trading session in the black after Monday’s drubbing which saw the major averages decline more than 1%. Retail sales came in slightly better than expected showing that consumption continues to drive growth. JP Morgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) both released 4th quarter earnings that were in line with expectations. Stocks surged

  • Business » US Retail Sales Expand Faster than Forecast
    December 12, 2013, 17:32 GMT

    Retail sales in the United States exceeded forecasts in November, as bargain hunters took advantage of the holiday season. Retail purchases increased 0.7 percent, according to official data from the Commerce Department. The median estimate of 83 economists surveyed by Bloomberg called for a 0.6 percent hike. Retail service activity increased at the fastest pace