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Stocks Recover as Data Soothe Fears of Aggressive Fed Taper

By: MT Newswires
Posted: 11/21/2013 3:55:00 PM
Referenced Stocks: DLTR;MS;TGT

The stock market closed higher Thursday as the economic environment of moderate economic growth coupled with negligible inflationary pressure soothed investors' worries the Fed may cut back on monetary stimulus sooner or more aggressively. After several days of lower closes, all three major indices are on the plus side, led by strength in the financial sector, energy, and consumer discretionary. Retail stocks were under pressure after disappointing earnings from Target ( TGT ) and Dollar Tree ( DLTR ), while the healthcare sector got a Morgan Stanley ( MS ) upgrade.