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Retailers Rally as Report Rethinks Recession
Retail stocks rallied sharply Monday following a Goldman Sachs note bucking the conventional wisdom that the U.S. economy is heading for recession.
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Slowing consumer spending has weighed on retail sales in recent weeks, battering the retail sector in the wake of a dismal holiday shopping season. And while a Federal Reserve interest rate cut this month sparked a short-lived rally, worries over the economy have dominated the retail landscape. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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