Retail sales increased 1.0% last month after a downwardly revised 0.2% drop in June, easing fears of a sharp economic slowdown.
The Dow jumped more than 400 points as Wall Street ’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending, allaying
Retail sales increased 1.0% last month after a downwardly revised 0.2% drop in June, easing fears of a sharp economic slowdown that were fanned by a jump in the unemployment rate last week. New Starbucks CEO may make $113M working remotely in posh Calif. town — while workers must be at office Meanwhile, retail bellwether Walmart added 7.5% after raising its annual profit forecast for the second time this year, as Americans kept flocking to its stores for inexpensive essentials.— the last set of economic indicators before Fed Chairman Jerome Powell delivers a much-anticipated speech at Jackson Hole next week.
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