U.S. stocks rise as bullish earnings, retail sales offset trade issues for now
Stocks rose midday Thursday after a bullish earnings report from Walmart, the world’s largest company by revenue, along with a jump in U.S. retail sales in July, underscored the health of the U.S. consumer. Overnight stocks had added to Wednesday’s sharp losses when China threatened unspecified retaliation against President Trump’s threat to impose more tariffs on its imports from September. The Dow Jones Industrial Average posted its worst session of the year on Wednesday in the wake of weak economic data from China and Germany and the U.S. Treasury yield curve inverted, sending a recession signal.
Published:8/15/2019 11:19:19 AM