Stock Market Today: Stocks Recoil as Retail Sales Retreat
by Kyle Woodley
Aug 17, 2021
2 minutes
Tuesday's discouraging U.S. retail sales report did what yesterday's global headlines couldn't: knock down stocks early and keep them down through the close.
Investors learned before the opening bell that July retail sales declined 1.1% month-over-month, a far worse reading than the 0.3% dip economists expected. Core retail sales, which exclude gasoline, autos and a few other categories, also missed expectations, retreating 1.0% vs. June.
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