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Retail Sales Surprise Amid Strong Online Sales; Amazon Near Buy Point

Retail sales rose 0.7% in August from the prior month despite the chip shortage and Covid upsurge, the Commerce Department reported. Excluding autos, retail sales climbed 1.8% on the month, led by a 5.3% rise for nonstore retailers like Amazon (AMZN). Dow Jones futures and the broad market firmed up after the data, with the Dow turning positive, though Amazon... Read More...

Retail sales rose 0.7% in August from the prior month despite the chip shortage and Covid upsurge, the Commerce Department reported. Excluding autos, retail sales climbed 1.8% on the month, led by a 5.3% rise for nonstore retailers like Amazon (AMZN). Dow Jones futures and the broad market firmed up after the data, with the Dow turning positive, though Amazon…

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