U.S. retail sales drop 1.3% in May after 2 months of gains
By: Scripps National and Newsy Staff Posted at 7:02 PM, Jun 15, 2021 and last updated 2021-06-15 19:02:33-04 Major stock indexes went down slightly Tuesday after retail sales fell 1.3% last month, according to new federal data, which is worse than what some analysts expected. There were declines in furniture, electronics, and cars, while restaurants and bars ended the month of May with gains. This may suggest a preference for experiences over goods as Americans are enjoying newfound freedoms after a year of lockdowns from the pandemic, though it is not universal. For example...
Source: abcactionnews.com
