Modestly Higher Close As Retail Sales Surge

Despite an unexpected gain in jobless claims, the markets closed modestly higher with the Dow rising 29 points to 10,927 as same store sales surged. Nasdaq added 5 points to 2436.

On the upside

February gaming revenue jumped 32.9% on the Las Vegas Strip to lift shares of MGM Mirage (NYSE: MGM), Las Vegas Sands (NYSE: LVS) and Boyd Gaming (NYSE: BYD).

W&T Offshore (NYSE: WTI) will purchase Total E&P USA's share in three deepwater Gulf of Mexico offshore blocks.

Fitch Ratings affirmed its rating for student lender Sallie Mae (NYSE: SLM).

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