Retail sales surge. stocks barely move on Wall Street
Wall Street traded mixed as a Feb retail sales jump of 1.1 percent lifted consumer spending, though the Dow rose only two points to 14,452. The S P 500 edged up while the Nasdaq gained 0.2 percent. Retail stocks led small gains as earnings and Fed stimulus supported equities.
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Pursuit of celebrity credit report hackers expands
The AP reports hackers stole and published credit reports of Michelle Obama and other public figures across continents, tying a San Francisco firm Cloudflare to the case. Obama urged improved public private cooperation to protect personal data as lawmakers call for action on cyber security and identity theft.
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Oil prices barely move as U S supplies rise and demand shows signs
Oil trades near steady levels after the Energy Information Administration reports a 0.7 percent rise in crude stocks to 384 million barrels, while U S consumer spending climbs 1.1 percent, signaling mounting demand. April crude settles at 92.52 dollars on Nymex as gas prices edge higher. The IEA cautions about slower global demand in 2013 amid weak European outlook and China risks.
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