Stock market today: US stocks rise after retail sales, jobs data as Walmart surges

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Nasdaq Composite,Labor Market,Jobless Claims

Wall Street is looking to two key signals of US consumer health, as well as more insight on the jobs market.

Stocks rose Thursday as Wall Street took in signals that pointed to a still-strong US consumer and labor market. The Nasdaq Composite popped almost 1.2%, while the benchmark S&P 500 and the Dow Jones Industrial Average rose about 1%. In focus early Thursday were earnings from retail giant Walmart , as well as monthly government retail sales data and an update on jobless claims.

Retail sales rose 1% in July, above estimates for a 0.4% rise. Also in focus is the normally routine update on weekly jobless claims. Last week, those claims fell more than forecast, sparking a market surge that has largely pervaded throughout this week. And they fell again this week to 227,000, shafting expectations for a pickup.

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