S&P, Dow rise as U.S. retail sales data counters recession fears

 S&P, Dow rise as U.S. retail sales data counters recession fears

(Reuters) - The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears and simmering U.S.-China trade tensions.

The Dow Jones Industrial Average <.DJI> rose 99.9 points, or 0.39%, to 25,579.32, the S&P 500 <.SPX> gained 7.02 points, or 0.25%, to 2,847.62, and the Nasdaq Composite <.IXIC> dropped 7.32 points, or 0.09%, to 7,766.62.

(Reporting by Stephen Culp)

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Updated Date: Aug 16, 2019 02:05:31 IST