Stocks book 5 straight days of gains, exit correction territory - Fox Business
Foxbusiness.com - Thu 10 Jan 22:37 GMT

Stocks book 5 straight days of gains, exit correction territory - Fox Business

Trade-sensitive shares led gainers.

  Initially, downbeat company reports held sway; but by the market’s close, stocks had booked their fifth straight day of gains.

  MORE FROM FOX BUSINESS.COM Early Thursday department store shares tumbled after Macy’s turned in disappointing same-store sales during the critical holiday shopping season.

  Macy’s reported a paltry 1.1 percent gain in same-store sales and online sales during the November-December period.

  Kohl’s shares also tumbled as the company turned in a paltry rise in same-store sales during the critical holiday shopping AIRLINES GROUP airline shares dropped after American Airlines cut its guidance for earnings per share in the current fiscal year.

  By the closing bell, stocks were trading at session highs, had booked a fifth straight day of gains and the Dow Jones Industrial Average and the SP 500 exited correction JONES COMPOSITE INDEX6986.0678+28.99+0.42% In Asian markets on Thursday, China’s Shanghai Composite fell 0.4 percent.