Street Wire: Retail Stocks Jump on Retail Sales

Before you go, we thought you'd like these...
Before you go close icon
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

S&P 500 2,343.98 -1.98 -0.08%
DJIA 20,596.72 -59.86 -0.29%
NASDAQ 5,828.74 11.04 0.19%
DAX 12,064.27 24.59 0.20%
NIKKEI 225 19,262.53 177.22 0.93%
HANG SENG 24,358.27 30.57 0.13%
USD (per EUR) 1.08 0.00 0.01%
USD (per CHF) 0.99 0.00 0.02%
JPY (per USD) 111.34 0.01 0.00%
GBP (per USD) 1.25 0.00 0.01%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips 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.

From Our Partners