Retail sales rise in January
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 January 2024
⏱️ 1 minutes
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Summary
Stocks fall; sales rise 0.6% from December; homebuilder confidence rises; mortgage applications tick up.
Transcript
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| 0:00.0 | This is the marketplace minute. |
| 0:03.4 | I'm Justin Ho. |
| 0:04.7 | Stocks closed down on Wednesday. |
| 0:07.4 | The Dowell fell a quarter percent, the S&P and the Aztec lost just under six-tenths percent. |
| 0:12.3 | Retailers took in more money in December than in November. |
| 0:16.0 | Their sales were up more than half a percent from the month before, according to the Commerce Department. |
| 0:20.0 | Sales rose at clothing stores, auto dealerships, and department stores. |
| 0:25.0 | Sales at gas stations fell, more than 1%. |
| 0:28.0 | Homebuilders surveyed by the National Association of Homebuilders |
| 0:31.0 | said they were a lot more optimistic this month than in December. |
| 0:34.0 | That's mostly because there's more demand for what they do, especially since mortgage rates have been falling. |
| 0:39.0 | The survey found that builders are still facing shortages of materials. |
| 0:43.0 | Meanwhile, the Mortgage Bankers Association says mortgage applications |
| 0:47.0 | rose 10% this week from the week before. |
| 0:50.0 | It says the average rate on a 30-year fixed mortgage fell to 6.75%. |
| 0:55.4 | I'm Justin Ho, with the Marketplace Minute. You're going to. |
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