Retail Sales Up 0.6% In Jun., Better Than Expected
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U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.
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World shares were mostly higher on Friday after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies. In early European trading,
US retail sales surged 0.6% MoM, far exceeding expectations and signaling robust consumer demand despite recent tariff volatility. Read more on the market's focus.
June retail sales data will give investors a look at how tariff-fueled inflation is shaping consumer spending.
The major indexes remain at or near record highs while navigating a plethora of catalysts, including earnings, economic data, tariffs, and Trump-Powell drama.
Wall Street’s market averages trade higher on Thursday, as investors digested fresh data on retail sales and jobless claims. The benchmark S&P 500 (SP500) has pushed up by 0.2% and the blue-chip Dow (DJI) has climbed by 0.