Retail sales rise in March

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 15 April 2024

⏱️ 1 minutes

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Summary

Stocks close down; retail sales rise 0.7% from February; homebuilder confidence flat in April; investment banking revenue pushes up Goldman Sachs earnings.

Transcript

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0:00.0	This is the Marketplace Minute. I'm Justin Ho. Stocks close lower on Monday. The Dowell fell
0:07.8	to thirds percent, the S&P gave up one in two tenth percent, and the NASDAQ lost 1-8-tenths percent. Retail sales rose in March, according
0:16.8	to the Commerce Department, up 7-tenths percent from the month before and 4 percent from the same
0:21.7	time a year ago.
0:23.0	Spending at gas stations rose, partly because of higher gas prices.
0:27.0	People also spend more at restaurants, building supply stores, and online.
0:32.0	Homebuilders are about as confident about the housing market as they were last month.
0:36.0	That's according to the National Association of Home Builders. It says buyers are still cautious since mortgage rates have been rising.
0:44.9	And Goldman Sachs says profits rose 28% last quarter compared at the same time a year ago. Goldman does a lot of
0:49.2	advising on mergers and other types of corporate deal making, and that's been picking up.
0:54.8	I'm Justin Ho with the Marketplace Minute. You're going to.

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