Retail shares advance, Dillard's soars

Business | 15 Nov 2019 12:03 pm

Retailers and other companies that rely on consumer spending held up best on Thursday in US trade.

Lowe’s was up by 1.5 percent and Target added 2.3 percent.

Walmart, which had been solidly higher earlier after reporting strong third-quarter results and raising its annual profit expectations, fell by 0.3 percent.

Dillard’s jumped by 14.2 percent after the department store operator surprised Wall Street with a fiscal third-quarter profit and solid sales.

Industrial and communication services stocks also notched gains. Boeing added 1.4 percent and Netflix climbed by 2.3 percent.-AP

 

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