Gains for major retailers and Walt Disney drove the market up Friday, with the Dow Jones industrial average up 73 at closing after 94 point dip on Thursday.
Abercrombie and Fitch co. had the most significant retails gains today, rising $3.92, or 10.7 percent, to $40.68. J.C. Penney also did well climbing $1.82 per share or 6.2 percent, hitting $31.21 and helping to defuse tension stemming from reports of poor consumer attitude
Disney was the big winner of the day, attributing higher revenue at its broadcast, cable and movie studio divisions to an 18 percent profit increase.
All in all. the Dow rose 73.00, or 0.7 percent, to 10,270.47 after Thursday interrupted six straight days of gains with a 94 point drop fueled by decreased energy demand and the rising dollar. In spite of this, the Dow rose 2.5% for the week.
The S & P 500 index spiked 6.24, or 0.6 percent, to 1,093.48 increasing 2.3% for the week.
The Nasdaq composite index climbed 18.86, or 0.9 percent, to 2,167.88 adding 2.6 percent for
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