Domestic | Consumers Stay Spending | Aug 19th-25th
Retailers Show Signs of Strong Consumer Spending U.S. retailers show strong earning reports with Target (TGT) leading the way and Lowes (LOW) close behind. Both companies were thought to be hit hard by the trade war but ended up posting higher than expected EPSs through steady consumer spending. Since consumer spending makes up about two-thirds of the U.S GDP, strength in this sector of the market is important to maintain healthy GDP growth and offset the weaker U.S manufacturing sector. Wi
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