Wall Street rebounds as retail sales point to healthy economy

[riky]

Wall Street rebounds as retail sales point to healthy economy

<p><a href="http://news.yahoo.com/stick-futures-higher-selloff-jpmorgan-results-122308123--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/yDNBOuWcgqMijyof1mPssA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-14T125205Z_4_CBREA0C0YF300_RTROPTP_2_MARKETS-USA-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose on Tuesday, erasing much of the previous session's steep drop, as a strong December retail sales reading eased concerns that economic growth might be slowing. Google rose 2.4 percent to $1,149.40, giving a large boost to the outperforming Nasdaq, a day after the company announced plans to acquire Nest Labs Inc. The $3.2 billion deal will give Google a promising line of products and a prized design team. Core U.S. retail sales increased 0.7 percent in December from the prior month, flying past the 0.3 percent gain economists had expected. Fourth-quarter economic growth prospects were further boosted by a report showing retail inventories, excluding autos, increased 0.6 percent in November.</p><br clear="all"/>

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