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Midday Market Update

October Retail Sales Report Hints Encouraging Outlook

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U.S. Markets
U.S. markets are continuing to rise on Tuesday, though the Dow Jones Industrial Average may see its six-session winning streak come to an end as it was the only major U.S. index to open trading in the red.

Key economic data was also released on Tuesday, as the retail sales report for October posted an increase of 0.8% and has momentarily paused the weaker sales gains that have been observed over the past few months--yet it is worth noting that September’s increase was revised to 1% from 0.6%. The increase topped projections and indicates that households may not have been as concerned by the presidential election as previously thought.

Milad Nourmohammadi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.