You are here: Home » Reuters » News
Business Standard

Wall Street gains after economic data; tech shares give a boost


By Sruthi Shankar(Reuters) - U.S. stocks rose on Friday, hitting record highs again, helped by upbeat sentiment and retail sales data as well as gains in technology shares.Also, Netflix shares were up 1.8 percent and hit a record high at $200.82 after a slew of price target increases ahead of its earnings report on Monday.The market received a boost earlier in the day after data showed U.S. retail sales surged by the most in 2-1/2 years in September. Also, the University of Michigan's consumer sentiment index hit its highest since January 2004.Shares of big banks were mixed following reports ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, October 14 2017. 01:05 IST