Reported 7 months ago
Retail stocks in the U.S. are feeling the pressure of elevated interest rates, with some companies soaring while others struggle due to varied impacts on consumers. The S&P 500 Consumer Discretionary Distribution & Retail index has risen about 14% this year, led by Amazon, while lower-income consumer-focused companies like Dollar Tree and Dollar General have seen declines. Analysts anticipate the upcoming U.S. retail sales data to shed light on the sector's performance further amidst expectations of potential adjustments in interest rates.
Source: YAHOO