U.S. retail sales data for December fell short of expectations, negatively impacting major stock indices. While the Dow Jones Industrial Average saw a slight gain, the S&P 500 and Nasdaq declined, with retail giants Costco and Walmart experiencing share drops. Conversely, Disney, Home Depot, and Tesla saw gains, and Spotify’s stock soared after a significant increase in its fourth-quarter net profit.
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US Retail Sales Disappoint; Costco and Walmart Shares Fall
U.S. retail sales data for December fell short of expectations, negatively impacting major stock indices. While the Dow Jones Industrial Average saw a slight gain, the S&P 500 and Nasdaq declined, with retail giants Costco and Walmart experiencing share drops. Conversely, Disney, Home Depot, and Tesla saw gains, and Spotify’s stock soared after a significant increase in its fourth-quarter net profit.