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Retail sales in Oct fell by 0.1%, here’s what it means for stocks, the Fed, and the economy

U.S. retail sales fell by 0.1% in the month of October, lower than previously expected estimates of 0.3%, while shooting up 2.5% year-over-year. Furthermore, retailers Target (TGT) and TJX Companies (TJX) — the parent company of TJ Maxx and Marshalls — both beat third-quarter earnings estimates. Yahoo Finance Reporter Madison Mills joins the Live show to break down what resilient consumer spending means for the end-of-year market rally. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international […]