Stocks Rise on Strong Earnings and Economic Data; Retailers See Record Holiday Weekend Sales
• Stocks edge higher after encouraging updates from companies like GM, which surges on buyback plan and dividend hike • Tech stocks rise following strong earnings reports from NetApp, Intuit, and Workday • Treasury yields fall, taking pressure off stocks • U.S. Q3 GDP growth upgraded to brisk 5.2% pace, though consumer spending revised down slightly • Retailers in focus as record 200M shoppers hit stores over holiday weekend; Foot Locker jumps on earnings beat