The Dow Jones Industrial Average fell Wednesday after U.S. retail sales data. Target dived on weak results, while Nvidia earnings are due out late. Read More...
Reuters
U.S. retail sales increase solidly in October
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy. The solid retail sales reported by the Commerce Department on Wednesday and signs of a slowdown in inflation raised cautious optimism the economy could avoid an anticipated recession next year or just experience a mild downturn. “We might be in for a soft landing after all,” said Paul Ashworth, chief North America economist at Capital Economics in Toronto.
