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Showing posts with the label retail sales data

U.S. Stock Market Summary for Monday, March 17, 2025

Major Indices S&P 500 : +0.64% → 5,675.12 Dow Jones : +0.85% → 41,841.63 Nasdaq 100 : +0.55% → 19,812.24 Russell 2000 : +1.19% → 2,068.33 Market Overview U.S. stocks posted modest gains on Monday, continuing a rebound from the recent correction. Despite mixed economic signals, investors showed cautious optimism heading into the upcoming Federal Reserve meeting. February retail sales rose by 0.2%, falling short of expectations (0.6%), while core sales (excluding autos) increased by 0.3%, matching forecasts. Meanwhile, the New York Fed’s manufacturing index plunged from 5.7 to -20, marking the sharpest drop in two years. The NAHB housing market index also fell to a 7-month low amid higher construction costs linked to tariffs. The Atlanta Fed’s GDPNow forecast was revised downward from -1.6% to -2.1%, signaling continued economic softness. Sector Highlights Technology Intel : +6.8% after reports that incoming CEO Lip-Bu Tan plans to overhaul manufacturing and AI...