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U.S. Stocks Edge Higher Despite Retail Slowdown and Walmart Inflation Warning
U.S. Stocks Edge Higher Despite Retail Slowdown and Walmart Inflation Warning
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The Dow Jones Industrial Average ROSE 140 points (0.33%) to 42,191 on Thursday, May 15, as markets shrugged off concerning retail data. The S&P 500 gained 0.32% while the Nasdaq Composite remained nearly flat, dipping just 0.04%.
Retail sales growth slowed dramatically in April, increasing just 0.1% compared to March’s revised 1.7% gain. Consumers appeared to pull back spending despite potential pre-tariff purchase incentives.
Walmart’s CFO warned of impending ’double-digit’ price increases, exacerbating inflation concerns. The retail giant’s cautionary statement weighed on market sentiment, though equities maintained modest gains.
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