Stock Market Today: Dow Jumps 658 Points After Stellar Retail Sales Report
by Karee Venema
Jul 15, 2022
2 minutes
Stocks made a valiant rebound attempt on Friday, spurred by a sign that consumers haven't thrown in the towel.
The Commerce Department this morning said retail sales rose 1% month-over-month in June. While most of the increase was a result of higher gas and food prices, Wall Street was still pleased that the figure marked an improvement over May's modest decline and came in above economists' consensus estimate for an increase of 0.9%.
- SEE MORE The 12 Best Consumer
You’re reading a preview, subscribe to read more.
Start your free 30 days