US stocks rebound amid economic data

New York April 17 (IANS) US stocks traded higher in the morning session on Monday as investors digested a batch of newly-released economic reports.

The Dow Jones Industrial Average on Monday rose 209.63 points or 0.86 per cent to 24 569.77. The S&P 500 increased 19.78 points or 0.74 per cent to 2 676.08 Xinhua news agency reported.

The Nasdaq Composite Index was up 40.39 points or 0.57 per cent to 7 147.04.

Advance estimates of US retail and food services sales for March came in at $494.6 billion an increase of 0.6 percent from the previous month and beating market consensus the Commerce Department announced on Monday.

Investors also kept a close eye on the US-led strikes on Syria over the weekend.

The US along with its allies Britain and France launched a surprise missile attack against Syrian military positions on Saturday causing a flurry of mixed reactions across the Middle East.

--IANS
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