Hb9kkhwcS9aX9UsVttq5zR-1200-80.jpg

Stock Market Today: Dow Adds 353 Points Despite Soft Retail Sales

Incoming data continue to indicate the economy is slowing, particularly at the all-important consumer level. But, after a volatile week, market participants may have eased into a more methodical approach to discounting the present value of future cash flows.

“The slowdown in the economy suggested by a handful of recent data releases is not terribly convincing,” writes Steven Ricchiuto, chief U.S. economist at Mizuho Securities USA, “even though there is a heightened degree of uncertainty in the wake of the new administration’s tariff, immigration, and efficiency initiatives.”


Source link

Tags: No tags

Add a Comment

Your email address will not be published. Required fields are marked *

Gravatar profile