Some positive news from retailers boosted stocks just a little.
The Dow Jones industrial average rose 25 points to close at 13,275. The
Standard & Poor's 500 index rose almost three points to close at 1,418. The
Nasdaq rose 14 points to close at almost 3,077.
Retail stocks rose on positive earnings and outlooks from Gap Inc. and Ann
Inc., the parent of retailer Ann Taylor.
Apple hit a new high, rising almost 2 percent to $648.11.
However, declines continued for Facebook and Groupon, the online coupon
company.
Facebook hit $19, half the value of its initial public offering. It closed at
$19.07. And Groupon, the online coupon company, lost another 5 percent to close
at $4.75.
Copyright 2012 The Associated Press.
