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

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