Reported about 2 months ago
U.S. stock markets experienced gains as retail sales jumped 1.0% in July, surpassing Wall Street's expectations of 0.4%. This positive trend was largely influenced by robust performance from Walmart, which not only exceeded second-quarter earnings but also upgraded its full-year outlook. Additionally, weaker-than-expected initial claims data for unemployment has raised investor optimism about the labor market.
Source: YAHOO