NEW YORK — The stock market recovered from an early slide after an increase in retail sales overshadowed concerns about Greece’s debt problems and the job market.
The Dow Jones industrial average finished with a gain of 30 points after being down 53 and falling the prior two days. Broader indexes also rose.
The market turned higher around midday after sales gains at the nation’s major retailers raised expectations for the economy as well as the corporate earnings reports that start to arrive next week.
Improved weather and an early Easter lifted sales at stores open at least a year by 9 percent, based on results from 31 retailers compiled by the International Council of Shopping Centers.
Tim Speiss, chairman of Personal Wealth Advisors practice at Eisner LLP in New York, said interest among some buyers in pouncing on drops in the market is likely to continue.
“I don’t believe at all that we’re going to have any kind of correction,” he said, referring to a drop of at least 10 percent from a peak.
The Dow rose 29.55, or 0.3 percent, to 10,927.07. The S&P 500 index rose 3.99, or 0.3 percent, to 1,186.44, while the Nasdaq composite rose 5.65, or 0.2 percent, to 2,436.81.
