Market Update: Retail Sales Miss Targets, Big Bank Earnings Published, and Bessent's Confirmation Hearing

Reported about 6 hours ago

US stock futures have retreated as the market reacts to disappointing retail sales data, which showed a 0.4% increase instead of the expected 0.6%. Major banks like Morgan Stanley and Bank of America announced their fourth-quarter earnings today. Additionally, Scott Bessent, Trump's nominee for Treasury Secretary, faces a confirmation hearing in Congress, where he is anticipated to be questioned extensively by lawmakers.

Source: YAHOO

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