AllMarket Update
logoArgusDecember 14, 2023

Market Update: RY, REG

Sector(s)
Financial Services, Real Estate
Summary

U.S. equities rallied on Thursday morning following the Fed's decision to hold rates steady and positive economic data. Last week's initial jobless claims came in at 202,000, down from 220,000 in the week prior. The Street had been expecting that new claims would remain at 220,000. U.S. retail and food services sales rose 0.3% in November according the U.S. Census Bureau's advance reading. Excluding automobiles and parts, sales rose 0.2%; excluding gasoline stations, sales rose 0.6%. The leading sales categories were food services and drinking places (+1.6%), sporting goods, hobby, music and book shops (+1.3%), health and personal care (+0.9%), and furniture stores (+0.9%). Sales fell in gasoline sta

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