U.S. stocks climbed Wednesday, lifted by gains in shares of retailers despite continued worries about tighter financial conditions and geopolitical tensions.

Rosy retail sales data Tuesday also have supported consumer stocks and expectations for robust growth in the U.S., though the figures also reignited worries about higher interest rates.

Still, some investors think markets can withstand higher rates as long as the Fed sticks with its current gradual pace of tightening.

“I don’t think it’s been at a speed that’s too difficult to deal with,” said Jeff Garden, senior research analyst and portfolio manager at Lido Advisors. “This has been coming for a long time.”

Read the full article: U.S. Stocks Rise, Led by Retailers (Wall Street Journal)