Stock Market Today: Stocks Zip Higher on Robust Retail Sales, Earnings

A second consecutive month of unexpected retail-sales growth and more sterling earnings from the financial sector gave Wall Street a lift Friday,

A man with lots of shopping bags
(Image credit: Getty Images)

Most investors will be walking into this weekend with a spring in their step. They can thank booming retail sales and continued earnings momentum, which set up a fine Friday finish for the equity markets.

Headline retail sales unexpectedly grew for the second consecutive month, with September's figure up 0.7% month-over-month to exceed expectations for a 0.2% decline. And similarly to August, September's sales were boosted in categories including clothing, groceries, general merchandise, non-store retail and miscellaneous.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.