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[BUSINESS] · United States · 92 sources

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U.S. retail sales fall 0.6% in July amid slowing consumer demand

U.S. retail sales fell unexpectedly by 0.6% in July, the largest monthly decline in over a year, according to Census Bureau data. This contraction follows a 0.2% gain in June and missed economist forecasts of a 0.1% increase. The decline, which brought total July retail sales to $763.6 billion, suggests a slowdown in consumer spending, a key driver of the American economy.

Market reactions were immediate as major indices retreated. The Dow Jones Industrial Average fell 0.20%, the S&P 500 dropped 0.17%, and the Nasdaq Composite lost 0.28%. Additionally, consumer sentiment showed signs of deterioration, with the University of Michigan's preliminary August reading falling to 51.

The weak economic data has influenced expectations regarding Federal Reserve policy, with traders weighing the possibility of interest rate adjustments. In the corporate sector, Broadcom shares tumbled 6% following analyst scrutiny of a potential $370 billion debt financing vehicle, while semiconductor stocks faced general selling pressure.

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Broadcom · Dow Jones Industrial Average · European Medicines Agency · Federal Reserve · Nasdaq · Nasdaq Composite · Reddit · S&P 500 · Sandisk · U.S. Census Bureau · University of Michigan · Valneva

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US-Anleger stoßen vor dem Wochenende Aktien ab [www.oldenburger-onlinezeitung.de]
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