IBM Leads the Dow on Strong Retail Saleshttp://www.fool.com/investing/general/2013/03/13/ibm-leads-the-dow-on-strong-retail-sales.aspx Dan Dzombak
March 13, 2013
The Dow Jones Industrial Average (INDEX: ^DJI) is up slightly following a better-than-expected retail sales report. As of 1:15 p.m. EDT the Dow was up 7 points, or 0.05%, to 14,475. Meanwhile, the S&P 500 (INDEX: ^GSPC) is up 0.15% to 1,555.
There were three U.S. economic releases today.
The one to pay attention to is the retail sales report from the Department of Commerce, which showed that retail sales rose at their fastest monthly rate in five months, up 1.1% from January to a seasonally adjusted $421.4 billion. Year over year, retail sales were up 4.6%. Retails sales are an especially important metric to watch, as consumer spending makes up 70% of t