Friday, July 13, 2007

Dow hits record, dollar firms on sentiment data

(Reuters) - U.S. blue-chip stocks rose on Friday, sending the Dow to a record for a second straight day, and the dollar recovered from lows against the euro after a stronger-than-expected U.S. consumer sentiment report tempered worries about the economy's health.

The boost in the Reuters/University of Michigan July consumer confidence survey offset an earlier report that showed retail sales suffered their biggest monthly drop in nearly two years in June as the housing market slump took its toll on consumers.


Read more at Reuters Africa

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