Summary
Stocks rallied on Thursday on rising retail sales boosted by higher fuel prices. In other news, Arm Holdings began trading on the Nasdaq in an IPO that was valued at $54 billion. The shares opened above $56 and closed at $63.59. The success of this IPO has given a boost to the tech sector and optimism that the IPO market will recover. The S&P 500 closed up 0.8%, the Dow was up 0.96% and the Nasdaq rose 0.8%. Crude oil passed $90 per barrel, while gold fell almost $1 to $1931 per ounce.
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