• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

US stocks unchanged as retail sales data signals resilient consumer

by August 16, 2025
by August 16, 2025

The US markets opened largely unchanged on Friday, buoyed by retail sales data that pointed to continued consumer strength as the market digested hotter-than-expected wholesale inflation, as Wall Street prepared to close another week of gains.

The S&P 500 index gained 0.03%, while the Dow Jones Industrial Average advanced 200 points, or 0.4%. The Nasdaq Composite was down in the start.

A notable boost to the Dow came from UnitedHealth, which surged 11% after Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management disclosed stakes in the insurer during the second quarter.

Retail sales meet expectations

Fresh economic data released on Friday morning showed US retail sales rising 0.5% in July, in line with economists’ forecasts compiled by Dow Jones.

Sales excluding automobiles rose 0.3%, also matching expectations. The figures suggested that consumer spending — a key driver of US economic growth — remains healthy despite mixed inflation signals earlier in the week.

For the week, all three major indices were set to close higher, each gaining more than 1% as of Thursday’s close.

Sentiment earlier in the week was lifted by consumer inflation data that fuelled hopes of a Federal Reserve interest rate cut next month.

However, those expectations were tempered on Thursday after the producer price index (PPI), which gained 0.9% in July, briefly weighed on stocks.

Tom Lee, head of research at Fundstrat Global Advisors, told CNBC the market is likely to view the stronger wholesale inflation reading as temporary. “I don’t think that one data point is enough to change a thesis around the trajectory of inflation,” he noted.

Stock movers

UnitedHealth led gains in the Dow, rallying 11% on Friday and set for its best single-day performance in five years if the advance held.

Berkshire Hathaway revealed a stake worth around $1.6 billion, while prominent investors Michael Burry and David Tepper also disclosed sizable positions in the company.

Among other notable movers, Intel climbed more than 5% following a Bloomberg report that the Trump administration is in discussions to acquire a stake in the chipmaker to support factory construction in Ohio.

The move extended Thursday’s 7% gain.

Applied Materials fell sharply, down roughly 12%, after its fiscal fourth-quarter guidance fell short of analyst expectations, despite earnings and revenue topping forecasts.

Sandisk also dropped nearly 7% after reporting a decline in gross margins to 26.4% from 36.4% a year earlier.

Ulta Beauty and Target also agreed to end their retail partnership.

Elsewhere, Rivian’s shares edged 1.5% higher even after the electric vehicle maker said that changes to US fuel economy standards were delaying $100 million in revenue tied to regulatory credit contracts.

Hims & Hers fell 2.7% amid reports of a Federal Trade Commission investigation into its subscription cancellation practices.

The post US stocks unchanged as retail sales data signals resilient consumer appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Cisco shares drop over 2% after HSBC downgrade to Hold
next post
Trade Desk has fallen steeply after S&P 500 inclusion: what should you do with the stock?

Related Posts

OpenAI valuation hits $500 billion as employees sell...

October 2, 2025

Here’s why JPMorgan, Morningstar are bullish on Alibaba...

October 2, 2025

Europe markets open: Stoxx 600 jumps 0.6%, led...

October 2, 2025

Will the Tesco share price hit 500p as...

October 2, 2025

Tesco lifts profit forecast as summer, price cuts,...

October 2, 2025

Chinese carmakers expand hybrid sales in Europe as...

October 2, 2025

Hackers exploit Oracle systems, executives hit with ransom...

October 2, 2025

US digest: TrumpRx launch, job data, and government...

October 1, 2025

Asian markets: Nikkei sinks 1.16%, Sensex muted ahead...

October 1, 2025

Morning brief: Asian factory data splits on US...

October 1, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Wiliot and Walmart Partner to Transform Retail with Ambient IoT and AI

    October 2, 2025
  • Manual trades embracing IoT for safer workplaces

    October 2, 2025
  • Soracom and Skylo Roll Out Integrated Satellite IoT

    October 2, 2025
  • Mission Creep: The Fed’s Foray Into State and Local Debt

    October 2, 2025
  • I Was a Victim of Cancel Culture. Don’t Perpetuate It.

    October 2, 2025
  • OpenAI valuation hits $500 billion as employees sell $6.6 billion in shares

    October 2, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,758)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,879)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

July PCE inflation climbs to 5-month high...

August 30, 2025

Trump set to overhaul H-1B visa program...

September 20, 2025

Avoid the Tesla stock: buy Xpeng, BYD,...

March 25, 2025