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New York, NY, United States (AHN) – U.S. stocks extended their gains on Thursday buoyed by retailers’ rosy sales in August, an unexpected increase in pending sales of used homes and hopes for a better monthly employment report on Friday.

The Dow Jones Industrial Average finished 50 points or 0.49 percent higher to 10,320. The Standard & Poor’s 500 Index also closed 9 points or 0.9 percent higher to 1,090. The Nasdaq Composite Index rose 23 points or 1 percent to finish at 2,200.

With same-store sales beating expectations, JC Penny, Macy’s and Nordstrom traded higher.

The housing data also helped boost shares of homebuilders Hovnanian, PulteGroup and D.R. Horton.

Meanwhile, oil futures for October delivery increased $1.03 to $75 a barrel. Gold for December delivery rose $5.30 to $1,253 an ounce.

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