Reported about 7 hours ago
With Black Friday marking the start of the holiday shopping season, the health of U.S. consumer spending and retail performance will be closely monitored. Although the S&P 500 has reached near-record highs, contrasting earnings reports from Walmart and Target highlight mixed outlooks for retailers. While many consumers anticipate increased spending this season, inflation remains a concern, impacting purchasing power. As the holiday shopping unfolds, further earnings reports will provide insights into economic trends amidst varying performances among major retailers.
Source: YAHOO