RTTNews | Jan 8, 2021 04:45PM EST

04:45 Friday, January 08, 2021

|BEGINSUB|Asian Shares Rise On Global Recovery Hopes|ENDSUB|Asian stocks rallied on Friday amid expectations that additional U.S. fiscal stimulus under the Biden administration and a mass rollout of coronavirus vaccines will spur a strong economic recovery later in the year.

|BEGINSUB|European Stocks Close Higher On Recovery Hopes And Positive Vaccine Updates|ENDSUB|European stocks closed higher on Friday as rising optimism about additional fiscal stimulus in the U.S. and positive news on the coronavirus vaccine front.

|BEGINSUB|Optimism About More Stimulus Leads To Strength On Wall Street|ENDSUB|Stocks fluctuated over the course of the trading session on Friday but managed to end the day mostly higher. With the upward move on the day, the major averages all finished the session at new record closing highs.

|BEGINSUB|Stock Alert: L Brands Hits New 52-week High On Holiday Sales, Q4 Earnings Outlook |ENDSUB|Shares of L Brands, Inc. are adding almost 3 percent or $1.32 in Fridays morning trade at $47.49, after touching a new 52-week high of $47.77.

Thursday, L Brands reported that its comparable sales for the nine weeks ended January 2, 2021 increased 5 percent, compared to a 3 percent decline in the previous year. However, net sales for the nine-month period declined to $3.84 billion from $3.91 billion in the nine weeks ended January 4, 2020.

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