Gross Domestic Product Archives -

Motor vehicles, electronic goods lift US retail sales in October

Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.

Wall Street’s main indexes rose, with the S&P 500 hitting a record high, as Micron’s upbeat forecast revived the frenzy around AI.

Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.

The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.

The U.S. economy grew by less than 2% in the first quarter, according to the Commerce Department’s Bureau of Economic Analysis.

Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.

S&P 500 and Nasdaq extend gains as U.S. Treasury yields retreat on Fed’s rate hike stance.