Google parent Alphabet rose 1.5%, extending its recent surge toward a $4 trillion valuation.
The Dow industrials added 664 points, or 1.4%, while the S&P 500 rose 0.9% and the Nasdaq composite moved higher 0.7%. After morning sluggishness, stocks turned higher in the afternoon, with eight of 11 S&P sectors positive for the day.
Shutdown-delayed economic data was also in focus. Retail sales rose 0.2% in September from August, undershooting expectations, while producer prices ticked up 0.3%, in line with forecasts. That is among the last inflation readings before the Federal Reserve's rate decision. Rising expectations for a cut have buoyed markets in recent days.
A separate weekly report from ADP indicated the private sector shed 13,500 jobs a week in the four weeks through Nov. 8.
A series of retailers—Best Buy, Dick's Sporting Goods, Burlington Stores and Kohl's—raised annual guidance. Chains, including Walmart, have logged strong results this reporting season, suggesting a solid holiday shopping season ahead.
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