Retail Sales Consumer Spending Slowdown
Weak retail sales data could signal consumer spending slowdown and pressure equity markets
Too little corroboration in the last 3 days to call a trend (16 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Walmart led the way on concerns about its upcoming profits. The S&P 500 fell 0.7% and is on track for a fourth loss in the five days since setting its all-time high last week"
"Walmart led the way on concerns about its upcoming profits. Consumer spending is constrained, with households tightening budgets, which could exacerbate weakness in economic growth."
"Americans unexpectedly pulled back on retail spending in July by the biggest amount in more than a year, according to the Commerce Department data released Friday"
"the broader market remained cautious due to recent weak retail sales and jobs data"
"U.S. stocks hit an all-time high last week despite some recent downbeat data about jobs and, most notably last week, retail spending. Americans unexpectedly pulled back on retail spending in July by the biggest amount in more than a year, according to the Commerce Department data released Friday."
"Broader market dynamics were affected by weaker-than-expected July retail sales figures and subdued consumer sentiment data."
"Stocks ended Friday lower on weak US retail sales and consumer sentiment reports. July US retail sales fell -0.6% m/m, much weaker than market expectations of +0.1%. The University of Michigan's preliminary August US consumer sentiment index fell by -4.2 points to 51.0, weaker than market expectations for only a small -0.2 point decline to 55.0."
"The U.S. stock market edged back from its all-time high Friday following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers. Such data could keep interest rates low, which is something Wall Street loves, but it also raises the risk of a slowing economy when inflation is still high."
"The S&P 500 dipped from record highs on Friday as geopolitical tensions and disappointing retail sales data weighed on the index."
"Investors were digesting weaker-than-expected retail sales data and monitoring geopolitical developments in the Middle East."