US Jul. Retail Sales Rise Despite Tariff Uncertainty
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Consumers are still buying things in the United States, a new report from the Census Bureau said Friday. Spending at U.S. retailers rose 0.5% in July.
Here are three of the stories Wall Street is watching on Friday, Aug. 15. Retail sales in July rose 0.5% from the month prior, slightly below the 0.6% economists polled by Bloomberg were expecting. US President Donald Trump and Russian President Vladimir Putin are meeting today in Alaska.
Figures released on Friday showed US retail sales rose 0.5 per cent in July, meeting the Dow Jones forecast. Sales excluding cars rose 0.3 per cent, also matching estimates.
Dillard’s Q2 retail sales rose 1% to $1.447B, driven by strong July performance. Net income dipped 2% as the company focused on inventory control amid a shifting retail landscape.
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes while July's retail sales advanced. Traders were also awaiting Friday's meeting between President Trump and Vladimir Putin,