S&P 500 Slips From Record on Weak Retail Sales — SkimNews
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- US stock futures climbed pre-market as strong corporate earnings and benign economic data drove gains, per Bloomberg's headline.
- The S&P 500 slipped from a record high but capped its third straight week of gains, while WSJ reported US stocks declined following weak retail sales data and another outlet noted Wall Street slipped after a weak economic update.
Why it matters: The market's record-high run hit a speed bump on weak retail sales, showing that despite a strong earnings tailwind, soft consumer-spending data is enough to knock the S&P 500 off its peak — yet the index still secured a third consecutive weekly gain, signaling underlying bullish momentum persists beneath the intraday dip.
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