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US stocks rise as optimism over jump in retail sales overshadows inflation fears

11 days ago   |   By

Traders work on the floor of the New York Stock Exchange Spencer Platt/Getty Images
Stocks climbed Tuesday, fronted by the consumer discretionary sector.
Stocks rose after October retail sales increased by 1.7%, outstripping expectations.
Retail sales strength suggests consumers have started holiday shopping, says Barclays.
US stocks finished higher Tuesday as a rise in monthly retail sales suggests consumers in the world's largest economy have been coping relatively well with price jumps for goods and services and a supply-chain crunch hurting numerous industries. The S&P 500 narrowly...
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Energy sector stocks have soared 53% this year and have room to run as investors seek out ESG asset and inflation protection, says Bank of America

11 days ago   |   By

BofA
Bank of America said clients loaded up on energy stocks last week, buying the most since 2008.
The S&P 500 Energy sector has climbed 53% this year and BofA sees more upside ahead.
BofA said clients have been stock picking in energy instead of passively investing.
Energy is the best performing sector on the S&P 500 this year as US oil prices have soared by roughly 70%, and the group still holds the potential for further upside, according to Bank of America. BofA clients last week broke a six-week selling streak, purchasing $1.2 billion of US equities, with the period marking the...
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