Late Upturn Sends Stocks Higher Tuesday

NEW YORK (January 15, 2013)—Stocks closed mostly higher Tuesday on Wall Street after a rally in retail stocks offset flaring tensions over increasing the country's borrowing limit.

The Dow Jones industrial average ended the day up 27 points at 13,534 Tuesday.

The index drifted higher late in the afternoon after being in the red most of the day.

It fell as much as 61 points.

The Standard and Poor's 500 rose a point to close at 1,472, edging above the five-year high it reached Thursday.

The Nasdaq fell six points to 3,110, dragged down by another loss in Apple.

Retail stocks moved higher throughout the day, boosted by a report that showed sales increased in December.

Rising stocks outnumbered falling ones on the New York Stock Exchange where volume was 3.1 billion shares, slightly below the recent average.


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