Stocks up slightly on strong retail results - My9 New Jersey

Stocks up slightly on strong retail results

Posted: Updated:

JOSHUA FREED,AP Business Writer

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.

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