Tuesday, June 17, 2025

Wall Street on edge after 'Retail Sales' unexpected drop

Wall Street on edge after key economic indicator faces unexpected drop

Snippet of Article: "...Shoppers tapped the brakes in May, dragging national retail sales down more than expected as the post-tariff frenzy cooled off and auto purchases stalled.

According to new data from the Commerce Department, in-store sales dipped 0.9 percent last month — a 0.2 percent steeper slide than economists had forecast. It followed a downwardly revised 0.1 percent decline in April. ..."

Source: www.dailymail.co.uk

Retail Sales Decline (April and May 2025),