The S&P 500 advanced 1% in the prior session, but momentum slowed some this morning. U.S. stock futures have edged up from morning lows on better-than-expected economic data.
Retail sales continued to improve, topping expectations for August. Overall sales gained 0.4% after a 0.3% rise in July. Excluding autos, sales increased 0.6% after a 0.1% rise in July. In a separate report, same store sales jumped 0.8% for in the previous week, driving the year-over-year number to a 2.6% increase. In other economic news, small business optimism improved in the latest reading. Business inventories will be released later this morning.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
