Advance retail sales for February rose 0.3% month-over-month, compared to the forecast of a decrease of 0.2%, while January’s 0.5% increase was revised to a 0.1% gain. Sales ex-autos rose 0.8%, versus the expectation of an increase of 0.1%, and January was revised down by 0.1% to 0.5%.
The preliminary University of Michigan’s Consumer Sentiment Index unexpectedly deteriorated, declining from 73.6 in February to 72.5 in March, compared to the increase to 74.0 that economists had expected. More from Bloomberg...
The Dow Jones Industrial Average rose 13 points (0.1%) to close at 10,625, while the S&P 500 Index and the Nasdaq Composite were unchanged at 1,150 and 2,368, respectively. Crude oil was $0.87 lower at $81.24 per barrel,and the Bloomberg gold spot price lost $7.30 to $1,102.20 per ounce. For the week, the DJIA rose 0.6%, the S&P 500 Index advanced by 1.0%, and the Nasdaq Composite gained 1.8%.
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