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VOL. 46 | NO. 21 | Friday, May 27, 2022

Better results from retailers help send stock market higher

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NEW YORK (AP) — Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy's and other retailers.

The S&P 500 rose 2% and is solidly in the green for the week following a choppy few days of trading. The gains have positioned the benchmark index for its first weekly gain after seven straight losses.

The Dow Jones Industrial Average rose 1.6% and the Nasdaq rose 2.7%. The better-than-expected reports from retailers helped allay investors' worries about the sector, which took big losses last week after Target and Walmart reported dismal results.

Bond yields rose.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0