Shares of retail and consumer discretionary stocks are trading higher following better-than-expected consumer sentiment data. Strong earnings from RH may also be lifting consumer spending sentiment.
Portfolio Pulse from Benzinga Newsdesk
Retail and consumer discretionary stocks are experiencing a rise in share prices due to positive consumer sentiment data and strong earnings from RH.
September 13, 2024 | 7:36 pm
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POSITIVE IMPACT
RH's strong earnings report is contributing to a positive sentiment in consumer spending, boosting retail and consumer discretionary stocks.
RH's strong earnings report is a key factor in the positive sentiment around consumer spending, which is driving up retail and consumer discretionary stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80