US Retail Sales Rise Despite Economic Challenges
TL;DR Summary
The Dow Jones index declined slightly despite strong retail sales and an upward revision of Q3 GDP estimates, as investors await the Fed's interest rate decision. Apple led tech gains with new product launches, while Chevron benefited from rising oil prices. Most financial stocks remain muted ahead of the Fed meeting, and the DIA ETF tracks the Dow's movements with analysts optimistic about its future growth.
- Dow Jones Index Today: DJIA Stumbles Despite Robust Retail Sales and Rosy Q3 GDP Estimate TipRanks
- Against the odds, Americans are still spending CNN
- US retail sales increase strongly; softening labor market a headwind Reuters
- Retail Sales Rise Again in August, Bucking Economic Slowdown Barron's
- Retail sales show US consumer spending holds up, but 'almost everyone' is looking for deals Yahoo Finance
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