AllMarket Update
logoArgusJuly 16, 2021

Market Update: BAX, C, UNH, USB

Sector(s)
Financial Services, Healthcare
Summary

Stocks fell on Friday morning amid new retail sales and consumer confidence data. The Commerce Department said that U.S. retail sales rose 0.6% in June, up from a decline of 1.7% in May and above the Reuters consensus forecast, which called for a drop of 0.4%. The University of Michigan said that its consumer sentiment index fell to 80.8 in the first half of July, down from a final reading of 85.5 in June and below the consensus forecast of 86.5. The Dow, the S&P, and the Nasdaq were all down about 0.3%. Crude oil traded near $72 per barrel, while gold fell $16 to $1813 per ounce.

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