
US Retail Sales Drop More Than Expected in July
US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. Sales dropped by 0.6%, the forecast was for a 0.1% gain.
تابع أحدث الأخبار المالية والاقتصادية وتحديثات الأسواق والتقارير والتحليلات على PipVero.

US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. Sales dropped by 0.6%, the forecast was for a 0.1% gain.

Economists had expected a small increase in retail sales, but July brought surprisingly sour news.

$220 billion. That's the highest capital spending projection among “Magnificent Seven” companies, with Amazon taking the top spot ahead of Alphabet ($205 billion) and Microsoft ($175 billion).

CNBC Business News Update with Jessica Ettinger - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More.

Rising 30-year Treasury yields to 5.2% signal eroding confidence in U.S. fiscal stability and sustainability. Social Security's projected insolvency by 2032 will force difficult policy choices—tax hikes, spending cuts, or more borrowing—each with negative economic implications.

Consumers' economic mood is weaker this month versus July, according to preliminary results from the University of Michigan's monthly survey.

Sandisk's bullish guidance fuels stock. Applied Materials fails to wow Wall Street.

ASX's LEAP demand is driving revenue and margin gains as AI infrastructure needs fuel advanced packaging growth and capacity expansion.

Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in markets.

York Space Systems stock sinks after the satellite technology company slashed full-year revenue guidance on changes to how the government is awarding contracts.

In this episode, Tom Bruni, director of community and content for the CMT Association, and Sid Mokhtari, executive director at CIBC World Markets, break down the current market environment in the US and Canada - and where investors should focus next. Bruni explains why improving market breadth and healthy sector rotation continue to support the broader bull market case for the S&P 500 Index, even as leadership shifts away from the biggest technology names.

U.S. natural gas futures rose, with recovering LNG demand and hot weather keeping some support under the market after Thursday's slightly bearish storage report.

A rate rise next month looks increasingly unlikely, and that's boosting stocks. Data this week on consumer and producer prices have shifted bets in the Fed Funds futures market, which now suggest a nearly 70% chance of no change to rates. That was 56% a week ago, according to the CME FedWatch tool. Futures suggest a mixed open, though, and oil is up overnight after reports of another tanker attack in the Strait of Hormuz.

The current market is highly concentrated, with the top 10 stocks representing 40% of the S&P 500's weight, largely driven by AI tailwinds. Profit margins and earnings for top-heavy stocks have soared, supporting elevated valuations and mitigating traditional concentration risks.

Bank of America's chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That's creating some preferences for stocks over bonds.