Feb. 14 (Bloomberg) -- Retail sales in the U.S. stalled last month as cheaper gasoline limited service station receipts and dealerships sold fewer cars. Purchases excluding fuel and autos increased during the month.
January sales were unchanged after a 1.2 percent gain in December that was more than previously estimated, the Commerce Department said today in Washington. Sales excluding autos and gasoline rose 0.5 percent after rising 1 percent in December.
TNX drops below 48 on the news and that is giving a boost to stocks. Slower sales, but at least nothing that will raise rates. Something for everyone, we will see who wins.
NQ is at 20 DMA (1799.50). SMH (semi holders) is getting a lift from AMAT news and is pushing above its 200 DMA and knocking on 50 DMA resistance at 34. Levels to watch for techs.
January sales were unchanged after a 1.2 percent gain in December that was more than previously estimated, the Commerce Department said today in Washington. Sales excluding autos and gasoline rose 0.5 percent after rising 1 percent in December.
TNX drops below 48 on the news and that is giving a boost to stocks. Slower sales, but at least nothing that will raise rates. Something for everyone, we will see who wins.
NQ is at 20 DMA (1799.50). SMH (semi holders) is getting a lift from AMAT news and is pushing above its 200 DMA and knocking on 50 DMA resistance at 34. Levels to watch for techs.
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