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Friday, Apr 26, 2024

Retail Sales Surge Ahead in May

Retail sales in May rose by 1.4 percent over April, the largest increase in more than a year, according to data released by the Commerce Department. May’s performance, which included retailers from auto dealers to department, specialty and hardware stores, was double the increase analysts expected, Associated Press reported. The news sent Wall Street into a buying mode, with the Dow Jones Industrial Average advancing by more than 180 points.

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