This downward trend breaks with the rise of the last few days, It had come as some economic data indicated that price pressures eased last month, for both consumers and suppliers, and investors glimpsed that a slowdown in inflation will allow the Federal Reserve (Fed) to moderate. interest rate increases.
Nevertheless, Today’s data showed that US retail sales rose 1.3% in October from the previous month, higher figure than expected by experts.
The American retail chain Target warned this Wednesday of the decrease in consumption in the last quarter due, mainly due to inflation, it advanced a decrease in its revenue forecasts for the last months of the year and has announced a cost reduction of up to 3 million dollars in the next three years.
That contrasted with more upbeat results from retailers like Lowe’s and Walmart, which on Tuesday reported stronger-than-expected sales for the fall quarter.
Among the 30 listed companies of the Dow Joneshighlighted the drop of a 4.3% from Salesforce and the gains of 0.7% from Walmart.
Source: Ambito
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