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.
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
Topics: new york stock exchange spencer platt/getty imagesstocks cme fedwatch tool wall street scott helfstein head investment strategy global x that gdp s&p dow jones industrial average fundstrat's tom lee bofa treasury 239.read business insider federal reserve fed market indexes rise data meeting retail sale sales cut consumer crude higher modest easing interest increased continues economy growth cuts
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