Stocks Extend Weekly Rally as Earnings Roll In: Markets Wrap
(Bloomberg) -- Stocks notched their best week since July as solid corporate earnings and a surprise increase in retail sales spurred a rally in companies that are more likely to benefit from an economic rebound. Treasuries fell. Equities rose on Friday even after data showing that consumer sentiment dropped in early October. Retailers and banks led gains in the S&P 500. Goldman Sachs Group Inc. climbed after posting a surge in its trading business, while broker Charles Schwab Corp. jumped on record earnings. Trucking giant J.B. Hunt Transport Services Inc. and Alcoa Corp. -- the biggest U.S. a...