Sectors News Results

  • Housing Starts on Tap -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Friday 0830 Housing Starts Jun 1.15 M 0.974 M-- percent change Jun +18.1% +4.3% 0830 Building Permits Jun 1.28 M 1.22 M-- percent change Jun +4.9% +14.4% 1000 Consumer Sentiment Jul 77.8 78.1** June Final Reading.

  • U.S. Retail Rose 7.5% in June as Stores Reopened -- Update

    U.S. retail sales increased 7.5% in June as stores and restaurants reopened and consumers bought big-ticket items and resumed clothing purchases, but a recent rise in virus cases could again dampen spending. The Commerce Department on Thursday said the June increase in retail sales-- a measure of purchases at stores, at restaurants and online-- totaled $524.3 billion, up from $487.7 billion in May and nearly back to pre-pandemic levels. The total was driven by a pickup in sales at...

  • Store Reopenings Likely Boosted June Sales, but Virus Threatens Future Gains

    June store and restaurant reopenings likely pushed up U.S. retail sales for the second month in a row, though a recent surge in coronavirus cases could dampen consumer spending as some states reinstate restrictions to combat the pandemic. Commerce Department data to be released Thursday are expected to show a strong pickup in sales-- up 5.2% from the prior month, according to a Wall Street Journal survey of economists-- after a record 18% gain in May. The Labor Department is...

  • Retail Sales and Housing Starts on Tap -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 11 1250 K 1314 K 0830 Retail Sales Jun +5.2% +17.7%-- ex autos Jun +5.0% +12.4% 0830 Phila Fed Mfg Svy Jul 20.0 27.5 1000 Business Inventories May -2.3% -1.3% 1000 Housing Market Index Jul 62 58 Friday 0830 Housing Starts Jun 1.15 M 0.974 M-- percent...

  • New York Manufacturing Activity Reaches Pre-Pandemic Levels - NY Fed

    Economic activity of New York State's manufacturing sector recovered to pre-pandemic levels in July as the region continued to reopen, data from the Federal Reserve Bank of New York showed Wednesday. The Empire State Manufacturing Survey's general business conditions index jumped to 17.2 in July, up from the minus 0.2 reading in June. Economists polled by Dow Jones Newswires had expected the indicator to be at a slightly lower level of 15.0.

  • Consumer Appetite for Cars, Homes Bolsters U.S. Economy

    Consumers have continued spending on big-ticket items such as vehicles and homes during the coronavirus pandemic, helping support the U.S. economy as it battles a surge in cases and renewed business shutdowns. Historically low interest rates are luring in auto and home buyers, many of whom have higher incomes and firmer job security than low-wage, service-sector workers hardest-hit during the recession, economists and industry experts say. "Looking at the car sales, looking at...

  • Auto Makers Grapple With Worker No-Shows as Covid-19 Cases Surge

    General Motors Co. (GM) and Ford Motor Co. (F) are continuing to struggle with keeping workers on the job as coronavirus cases surge nationwide, forcing the auto-making giants to cut shifts, hire new workers and transfer others to fill vacant roles. The absences are hampering efforts to recover from the economic havoc wreaked by the pandemic and return to normal production levels after a nearly two-month shutdown this spring. A GM assembly plant in Wentzville, Mo., that has been running...

  • Retail Sales and Housing Starts on Tap -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Wednesday 0830 Empire St Mfg Svy Jul 15.0 -0.2 0830 Import Prices Jun +1.0% +1.0% 0915 Industrial Production Jun +4.0% +1.4% 0915 Capacity Utilization Jun 67.5% 64.8% Thursday 0830 Jobless Claims Jul 11 1250 K 1314 K 0830 Retail Sales Jun +5.2% +17.7%-- ex autos Jun +5.0%...

  • Delta Trims Flying Amid Coronavirus Pandemic

    Delta Air Lines Inc. (DAL) trimmed plans for more summer flights amid rising Covid-19 cases nationwide after a $5.7 billion loss for the latest quarter underscored the depth of the crisis facing the aviation industry. Chief Executive Ed Bastian said that the recovery from April's near-collapse in domestic flying had stalled, and that Delta will halve the number of extra flights it adds in August to 500.. U.S. airlines are forecast by analysts to lose more than $23 billion this year but...

  • Tech Stocks Power Market Rally

    U.S. stocks jumped Monday, with the technology-heavy Nasdaq Composite poised to notch another record as investors' infatuation with tech shares continued. Big tech stocks, including Apple, Microsoft and Amazon.com, have powered the market from its late March low in the midst of the coronavirus-fueled selloff. All three stocks have jumped at least 33% this year, helping to put the Nasdaq on course Monday for its 28th record close of the year.

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.