Dow surges 400 points, strong retail sales data ease fears of slowdown
The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]