U.S. stocks opened mixed on Friday, boosted by retail sales data pointing to a strong consumer, as Wall Street looked to wrap up another week of gains.
July’s retail sales data, released on Friday morning, painted a still-healthy picture for the U.S. consumer. Retail sales rose 0.5% last month, meeting expectations from the Dow Jones consensus. Retail sales excluding automobiles gained 0.3%, also matching estimates.
Intel gained nealy 5% following a Bloomberg report that the Trump administration is in discussions to have the U.S. government take a stake.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments