Consumer confidence rose more than forecast in December to the highest level in five months, easing concern about household spending heading into the holiday-shopping season.
1029_sears-hiring-holidays_620x434 The once-mighty Sears continued its quest for a turnaround Friday morning, announcing that it has filed a registration with the SEC that will allow it to spin off its Lands' End business.
U.S. stocks advanced, halting a five-day slide for the Standard & Poor's 500 Index, as investors weighed better-than-forecast jobs growth to gauge the strength of the economy and timing of Federal Reserve stimulus cuts.
Ty Wright/Bloomberg. Shoppers at the Easton Towne Center in Columbus, Ohio. Consumer spending in the U.S. rose more than forecast in October, a sign the biggest part of the economy is gaining momentum from a firming employment.
The dollar was mixed against its peers Friday, rising against the yen but falling against other currencies, after stronger-than-expected jobs data wasn't enough to convince investors that a rollback of the Federal Reserve's economic stimulus policy is imminent.