US stocks extended gains after a gauge of consumer confidence topped estimates adding up an early advance spurred by better than estimated retail sales. McDonald Corporation and Home Depot led consumer stocks to the top gain among 10 groups in the standard & poor’s 500 Index after retail sales jumped 1.3% in November more than twice the median economist estimate and the Reuters/University of Michigan gauge of consumer sentiment climbed to 73.4%.
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The S&P 500 added 0.5 percent to 1107.86 as of 10 am in New York, erasing its weekly drop. The Dow Jones Industrial Avergae climbed 52.52 points 0.5% to 10458.35
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