Stocks open higher as Wall Street looks to end three-day skid after jump in retail sales

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U.S. stocks rose at the start of Friday’s trade as Wall Street looked to end a three-day drop, after an economic snapshot of consumers’ health buoyed investor sentiment. The S&P 500 rose 0.4% to 3,498. The Dow Jones Industrial Average advanced 166 points, or 0.6%, to 28,660. The Nasdaq Composite was up 0.5% to 11,769. U.S. retail sales in September rose 1.9%, compared against consensus estimates of a 1.2% increase. The jump in spending helped to ease worries that consumers would cut back as stimulus checks and additional unemployment benefits ended. Shares of Boeing Co. received a boost after the European Union’s aviation regulator said the 737 Max jet was safe enough to fly again in Europe by the end of 2020.
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