Street Wire: Retail Stocks Jump on Retail Sales

Retail stocks rallied Monday after a closer reading of last month's retail sales numbers showed May retail sales weren't as bad as initially thought. The S&P Retail Index ($RLX) jumped more than 1.4% early Monday, easily outpacing the broader market's gains.

Last week's May retail sales figures seemed to show U.S. consumers are losing their drive to shop, but some of the weakness in the retail sales numbers may be due to a quirk in the calendar, not in shoppers' attitudes.


Read Full Story

Markets

DJIA 22,024.87 25.88 0.12%
NASDAQ 6,345.11 12.10 0.19%
S&P 500 2,468.11 3.50 0.14%
NIKKEI 225 19,702.63 -26.65 -0.14%
HANG SENG 27,344.22 -64.85 -0.24%
DAX 12,255.42 -8.44 -0.07%
USD (per EUR) 1.17 -0.01 -0.67%
USD (per CHF) 0.97 0.00 0.23%
JPY (per USD) 110.18 0.18 0.17%
GBP (per USD) 1.29 0.00 -0.23%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.