Arab Today, arab today us retail sales rose 11 last month
Last Updated : GMT 07:52:53
Arab Today, arab today
Arab Today, arab today

US retail sales rose 1.1% last month

Arab Today, arab today

Arab Today, arab today US retail sales rose 1.1% last month

Washington - Arabstoday

Warm weather prompted more Americans to go shopping last month. Retail sales rose 1.1% from a month ago, meeting economists’ expectations. Retailers took in $407.8 billion, 6.5% more than a year ago. This is the second consecutive month of expanding retail sales: January saw a 0.6% increase over December, higher than originally expected, according to Commerce Department revised data. Building suppliers saw some of the largest spending as sales rose 13.8%. Markets are ready to open in the green today. Dow Jones Industrial Average futures advanced 67 points. Nasdaq composite futures edged up, by about seven points. S&P 500 index futures advanced too. The Dow has rallied for four straight days now. It closed at 12959.71 yesterday, advancing around 0.3%. Consumer cyclical stocks were among yesterday’s leaders. Procter & Gamble increased 1.2% to $67.71. Coca-Cola shares rose 0.9% to $70.15. Pepsi was also on the move, rising 1.2% to $63.69 after the company said it was shaking up its management team. Pepsi has brought in a former Wal-Mart executive, Brian Cornell, to head its U.S. snacks division. Cornell’s predecessor, John Compton, became Pepsi’s first-ever president. Utility stocks also advanced yesterday. Exelon rose 2.3% to $39.81. Constellation Energy spiked nearly 3% to $37.32. The retail sales may have already been priced in to some extent. Chain stores reported strong monthly sales last week, led by Target and Gap stores. Strong retail sales can indicate strong consumer spending, a key measure of economic health. Many economists though warn that spending may fall later this year—once the benefit of the warm weather disappears. Rising gasoline prices remain a concern too: The spike in oil didn’t come until the end of last month, and won’t fully affect shopping until this month. While gas prices have remained steady in the past week, they remain elevated for year over year. West Texas Intermediate closed at $106.34 a barrel yesterday, up from $101.16 a year ago. “Given the headwinds of higher oil prices and the slowing global economy, the U.S. economy in general—and the U.S. consumer in particular—will need to demonstrate some serious resilience in the months ahead to keep the recent momentum building,” says Jim Baird, chief investment strategist at Plante Moran, a financial advisory firm with $7.5 billion under management. Aside from the retail figures, investors today will have a Federal Open Markets Committee meeting to digest. Some economists have suggested that the recent strong employment data may force Fed Chairman Ben Bernanke to raise interests rates before the anticipated date in 2014. Fresh business inventory data will also guide today’s trading.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us retail sales rose 11 last month Arab Today, arab today us retail sales rose 11 last month

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday