Walmart earnings, retail sales – what to know in the week ahead

by MR Magazine Staff

Another wave of earnings reports and economic data releases will try to pull focus from the concerns of escalating trade tensions that weighed on markets last week. The Commerce Department’s release of April advance retail sales data on Thursday will be a centerpiece of this week’s economic calendar as investors look for signs that consumer spending – the biggest part of the domestic economy – is on the upswing. Economists are looking for retail sales to have risen 0.2% month-over-month in April, and for the metric excluding the volatile categories of automobile and gas sales to have risen 0.9%. Read more at Yahoo Finance.