U.S. Retail Sales Rise Amid Strengthening Consumer Confidence

📰 Key Update of the Day

U.S. retail sales rose 0.6% last month, surpassing expectations amid strengthened consumer confidence.

🔍 Quick Summary

Retail sales increased driven by strong demand in both goods and services. Consumers showed more willingness to spend due to improved job prospects and stable inflation data. The gain signals ongoing economic resilience despite higher interest rates. Financial markets responded positively, with consumer discretionary stocks leading gains.

📈 Impacted Stock / ETF

Amazon (AMZN) shares rose 3% following the retail sales report, reflecting renewed optimism about e-commerce growth.

🧭 What This Means

Investors may increase exposure to consumer-focused equities.
Stronger retail spending reduces recession fears temporarily.
Watch for sustained consumer activity to confirm economic momentum.