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Stocks rise on strong retail sales

Stocks rise on strong retail sales
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After three days of losses, stock markets closed higher Friday morning in response to strong retail sales data.

The Dow Jones Industrial Average was up 112 points, or 0.4 percent, and the S&P 500 increased less than 1 point, essentially flat.

September retail sales increased 1.9 percent, well above expectations, showing some resilience in the consumer-driven economy that has been battered by the coronavirus.

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Markets have been shaky amid a frenetic push and pull between the Trump White House, House Democrats and Senate Republicans over additional fiscal stimulus. Trump has signaled his willingness to up his $1.8 trillion offer, as Democrats continue to push for a $2.2 trillion package with specific policy riders Trump opposes.

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellOvernight Health Care: Following debate, Biden hammers Trump on coronavirus | Study: Universal mask-wearing could save 130,000 lives | Finger-pointing picks up in COVID-19 relief fight On The Money: Finger-pointing picks up in COVID-19 relief fight | Landlords, housing industry sue CDC to overturn eviction ban Finger-pointing picks up in COVID-19 relief fight MORE (R-Ky.) has repeatedly signaled his opposition to a package of that magnitude and is pushing a $500 billion bill for a vote.

Updated at 4:03 p.m.