Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

Snapshot

Retailers’ rally on Dec. sales lifts stocks

Continue reading below

Stocks edged higher after a rally in retail stocks offset concerns about flaring tensions over increasing the US borrowing limit. Markets were roiled in summer 2011 as lawmakers haggled over the debt limit. The dispute cost the United States its AAA credit rating from Standard and Poor’s. Yet retail stocks moved higher Tuesday, lifted by a Commerce Department report that shoppers spent 0.5% more in December, despite worries about potential tax increases. The S&P 500 and the Dow are up so far this year, having surged after Congress compromised on the fiscal cliff. Optimism about global growth has also boosted stocks.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com