The S&P 500 hit a record high on Monday, as a strong retail sales report underscored the strength of the economy and overshadowed worries from Omicron-driven flight cancellations at the start of this year's final trading week.
Retail sales in the country rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec. 24, powered by an ecommerce boom, a report by Mastercard Inc showed.
The S&P 500 retailing index firmed 0.5%.
"Despite the variant and travel interruptions, retail sales were up strongly, which bodes well for the economy going into the new year," said Peter Cardillo, chief
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