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U.S. holiday spending surges to 12-year high, helped by tax cuts

“Kleinhenz also said retailers had the right mix of inventory, pricing and staffing to help connect with shoppers” reports foxbusiness.com. The Dow Jones Retailers Index was up 1.5 percent on Friday afternoon, led by jumps in the stock prices of Amazon.com Inc, Target Corp and Wal-Mart Stores Inc, among others.U.S. holiday spending jumped 5.5 percent – its biggest gain since 2005 – spurred by stronger employment, rising consumer confidence and expectations of higher wages and bonuses after the recent tax bill, the National Retail Federation said on Friday.
 
Source: foxbusiness.com



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