Big Day for Retail

As we head into Black Friday and the holiday shopping season, there were some bright signs for retail stocks yesterday. Among the good news:

• Best Buy posted quarterly earnings that beat analyst expectations, and raised its fiscal 2020 earnings forecast, sending its stock up more than 9 percent.
• Dick’s Sporting Goods rallied more than 18 percent on better-than-expected earnings.
• Amazon shares closed 1.3 percent higher. 
• The SPDR S&P Retail ETF, a broad-based basket of retail stocks, climbed 0.6 percent.