Retail Sales Increased More Than Expected
WMTWalmart(WMT) ZACKS·2024-08-15 23:55

A massive amount of economic data has hit the tape in today’s pre-market. Retail Sales, Import and Export Prices, Empire State and Philly Fed manufacturing surveys and the normal Weekly Jobless Claims all uniformly sounded the bell that the economy remains strong, and the labor market has not yet fallen off the table.Pre-market indexes leapt at this news: the Dow went from +135 points to +255 a minute later, the S&P 500 moved up from +10 to +30, and the Nasdaq from +45 points to +125. I guess the lesson of ...