Strong Retail Sales Spark Rally In Stock Market

Written By Timmy Adami

August 15, 2024

MRKT Matrix - Thursday, August 15th

  • Consumer spending jumped in July as retail sales were up 1%, much better than expected (CNBC)

  • Walmart beats estimates, raises outlook as it sees stable consumer health (CNBC)

  • Kroger Plans $1B in Price Cuts After Albertson Deal (Bloomberg)

  • Wall Street volatility is breaking records and there are likely to be aftershocks, says UBS (CNBC)

  • Investors Timing the Market See Biggest Hit on Sector Funds (Bloomberg)

  • Why Falling Mortgage Rates Aren’t a Quick Fix for Frustrated Homebuyers (WSJ)

Timmy Adami
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