Collaborative Wealth

Equities moving higher amid oil rally. U.S. stocks are advancing in early trading, a welcome change from the prior week, which ended with three consecutive daily losses fueled by a string of disappointing retail earning reports.

Strong retail sales data boosts sentiment, stocks. A headline beat and strength in the underlying retail sales figures released this morning helped lift stocks off early lows.

Tomorrow is Friday the 13th, so what does this mean? Well, if you have triskaidekaphobia then this isn’t your day, as that is a fear of the number 13.

Strength in WTI crude oil, which hit a new 2016 high this morning after an official report projected tightening supplies, is helping U.S. equities rise and European stocks stage a midday turnaround.

The GDB became the third Puerto Rico issuer (out of a total of 17) to default, and the news was largely expected given the longstanding financial distress.

U.S. equities are trading lower this morning as traders mull over disappointing earnings from Dow component Disney, which missed estimates for the first time in five years.