Traders work on the floor of the New York Stock Exchange.Spencer Platt/Getty ImagesStocks pushed higher as positive retail sales surprised investors.The data signals continued consumer strength, easing fears of a recession.All eyes are on the Federal Reserve's likely interest rate cut on Wednesday.Stocks moved higher after stronger-than-expected US retail sales boosted confidence in consumer health, as the Federal Reserve's two-day policy meeting is set to kick off.Retail sales increased 0.1% last month, compared to consensus estimates of a 0.2% decline.
Comment on Stock market today: Indexes rise on upbeat retail sale data ahead of Fed meeting
fdemott@insider.com (Filip De Mott), Business Insider
Tue, 09/17/2024 - 6:42am
Comment On This Story
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more