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Wall Street Posts Rebound Rally on Strong Retail Sales

FOX Business: Capitalism Lives HereA round of strong retail sales data, coupled with upbeat earnings from Citigroup, propelled U.S. markets sharply higher on Monday.Today's MarketsThe Dow Jones Industrial Average 146 147 points, or 0.91%, to 16173, the S&P 500 rose 14.9 points, or 0.82%, to 1831 and the Nasdaq Composite advanced 23 points, or 0.57%, to 4023.The tech-heavy Nasdaq tumbled 3.1% last week in its worst slump since 2012. The broader S&P 500 also took its worst hit in close to two years, sinking 2.7%. The move was driven by a selloff in once high-flying growth stocks, particularly in the biotechnology and technology sectors. As this week kicks off, traders received upbeat data on the economy.The Commerce Department said retail sales in March rose 1.1%, the biggest rise since September 2012, surpassing the 0.8% estimate. Excluding the auto segment, sales rose 0.7%, beating estimates of a 0.5% increase.Economists broadly expect the U.S. economy to have started recovering last m...

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  1. Stocks off Session Highs as Biotech Shares Sink

    FOX Business: Capitalism Lives HereU.S. equity markets fell significantly from session highs on Monday as biotechnology shares -- the subject of a big selloff last w...

  2. Futures Jump After Retail-Sales Data Top Views

    FOX Business: Capitalism Lives HereU.S. stock-index futures bounced higher after Wall Street's worst week in almost two years as traders cheered encouraging retail-s...

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