Stock Market Today: Stocks Edge Higher After Upbeat Retail Sales Data

Small-cap stocks outperformed Thursday as investors took in a better-than-expected reading on November retail sales.

closeup of person touching stock chart on tablet
(Image credit: Getty Images)

An encouraging reading on retail sales sent stocks higher to start Thursday. While the rally ran out of steam shortly after lunchtime, a late-afternoon push higher had the main indexes adding to Wednesday's Fed-induced gains.  

Yesterday, the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average each jumped 1.4%, with the blue-chip Dow closing at a new all-time high. The bullish price action was fueled by the Federal Reserve's forecast for three rate cuts for next year. 

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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.