Wall St Week Ahead: High rates pressure US retail stocks

The consumer will be in focus next week when the US reports retail sales data on Tuesday. — Bloomberg

NEW YORK; Elevated US interest rates are pressuring the US retail sector, where shares of many companies have been dented by months of tight monetary policy while a select few have soared.

The S&P 500 Consumer Discretionary Distribution & Retail index is up nearly 14% this year, roughly keeping pace with the S&P 500’s year-to-date gain. Much of the sector’s strength, however, has been concentrated in a small group of stocks, including heavyweight Amazon.com, which is up nearly 21% this year.

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business

Wall St ends lower with Big Tech earnings on deck
Axis-REIT quarterly performance improves
Glove sector still facing tough environment
IOI Properties buys PJ mall for RM680mil
Economy to get greater financial policy support
CelcomDigi network upgrade at 75% by year-end
Advancecon indirect unit gets mining job
Monetary policy likely to be unchanged
Apex plans to enhance its institutional offerings
Growth trajectory intact in 2H24

Others Also Read