Euphoria Among Trump Voters Could Keep Retail Sales Strong -- Market Talk

Dow Jones11-16 02:40

1340 ET - Voters happy with the U.S. election results could be prone to shop more, Comerica's Bill Adams says in a note. "The president-elect's supporters are feeling good," he says. "A lot of dudes will be buying new trucks, bigger boats, and nicer jets next year." That could keep momentum in retail sales, which slowed a little less than expected in October. "Millions of Americans were starting to put their lives together after the destruction of Hurricanes Helene and Milton, which contributed to sales at building material and garden supply stores as well as higher auto dealer sales," Adams says.(paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

November 15, 2024 13:40 ET (18:40 GMT)

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