Consumer Isn't Dead Yet: US Retail Stocks Surge As Resilient Shoppers Surprise Markets

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Source: Zero Hedge
Published: 2026-05-29 02:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Transport, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
The S&P Retail Select Industry Index rose more than 1% Thursday morning as shares of Kohl's, Best Buy, and Dollar Tree surged on better-than-expected earnings results. Results suggest the U.S. consumer was stronger than feared in the prior quarter, even as households were battered by a fuel-price shock at the pump, persistent inflation, and softening confidence, which has led to them draining what little savings they have left.
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