Retail sales gained 0.7% sequentially in August 2021, following an upwardly revised 1.8% drop-off in July and breezing past market expectations of a 0.8% decline.
U.S. manufacturing activity expanded at a slower pace in July for the second successive month.
AAA projects near-record traffic for the Fourth of July holiday weekend.
We highlighted a number of ETFs from various sectors that are hitting new highs in the last couple of sessions.
Rising vaccination and falling COVID cases have boosted the reopening trades before Memorial Day.
U.S. manufacturing activity sprung up in March, marking the highest reading since December 1983.
Retail sales in the United States contracted 3% sequentially in February 2021, marking the biggest decline since the record slump in April 2020.
Per the National Retail Federation, Americans are expected to spend $5.14 billion on St. Patrick's Day this year.
U.S. consumer prices witnessed a solid increase in February, resulting in the largest annual gain in a year.
When the economy improves, the stock market sees a boom, especially the cyclical stocks, which are closely tied to economic activities.
