Stocks turned mixed, losing steam after surprise jump in retail sales
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Stocks were mostly higher Friday as markets looked to recover some of the last three days’ worth of losses. Investors eyed a slate of upbeat announcements from major companies including Boeing and Pfizer and a much better than expected print on spending by the U.S. consumer. U.S. retail sales jumped 1.9% in September from August, blowing past estimates for a 0.8% gain, according to Bloomberg data.
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