US Stocks Edge Up on Monday
The three major averages in the US added about 0.2% on Monday, attempting to rebound from big losses in the previous week that saw the Dow recording its steepest one-week decline since 2023. Traders digest a mixed retail sales report that showed retail sales increased by just 0.2%, falling short of expectations, but the control group which feeds into GDP calculations, surged 1%, far exceeding forecasts of 0.2%. At the same time, investor sentiment remained under pressure following remarks from Treasury Secretary Scott Bessent, who said he’s not worried about the recent pullback in the sock market and that "corrections are healthy".
His comments, however, raised concerns about the impact of current policies under the Trump administration. Investors are also focused on the Fed’s policy decision this week, with the central bank expected to keep the fed funds rate unchanged and provide updated economic projections. Among sectors, energy and real estate outperformed while utilities fell
Source: Trading Economics
