Stocks Rise Amid Mixed Economic Data, Strong Retail Earnings

Stocks rise Tuesday after data show U.S. consumer inflation rose in October, industrial production slipped and homebuilder sentiment retreated. Retail earnings come in strong.
By Valerie Young ,

Stocks gained Tuesday after data showed U.S. consumer inflation rose in October, industrial production slipped and homebuilder sentiment retreated. 

The S&P 500 rose 0.40%, the Dow Jones Industrial Average rose 0.27%, and the Nasdaq increased 0.44%.

The Consumer Price Index, after declining for two months because of lower energy and import costs, increased by 0.2% in October.

Industrial production for October fell by 0.2%, after two months of declines, but manufacturing output showed some improvement, rising by 0.4%.

The NABH Housing Market Index, an index of homebuilder sentiment, slipped in November by 3 points to 62.

Fed governors Jerome Powell and Daniel Tarullo will make appearances Tuesday as will former Fed Chairman Ben Bernanke, who will speak at the Brookings Institution in Washington on Wednesday afternoon.

West Texas Intermediate crude oil fell Tuesday by 1.27% to $41.21 a barrel.

Walmart (WMT) - Get Report shares surged more than 4% higher after third-quarter earnings at the world's biggest retailer came in at $1.03 a share and beat forecasts. Revenue of $117.41 billion missed forecasts by a slight margin.

Home Depot (HD) - Get Report shares jumped more than 4% after the home-improvement retailer's third-quarter earnings and revenue topped Wall Street forecasts. Same-store sales in the period rose 7.3%.

TJX (TJX) - Get Report rose more than 4.4% after it posted quarterly earnings that beat forecasts. Same-store sales at the retailer increased 5%.

Dicks Sporting Goods (DKS) - Get Report fell over 15% after it slashed its profit guidance for the fourth quarter and year.

Urban Outfitters (URBN) - Get Report plunged more than 12.5% after the company reported earnings of of 42 cents a share, meeting analysts expectations, but revenue of $825 million came in below estimates.

Angie's List (ANGI) - Get Report fell by almost 1% after it rejected a buyout offer from IAC/InterActiveCorp (IACI) .

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