Reported about 10 hours ago
Stocks are facing downward pressure following a lower-than-expected US consumer sentiment index, despite retail sales data being largely in line with market expectations. The S&P 500 Index is down slightly as concerns mount over the global economic outlook, particularly due to disappointing economic data from China. Markets are also anticipating implications from an upcoming summit between Trump and Putin concerning tariffs and oil prices. Overall, while July retail sales showed a modest gain, they fell short of expectations, reflecting consumer uncertainty amid a weaker labor market.
Source: YAHOO