Wall Street Wants More Signs US Consumers Are Still Spending
- Walmart results, retail sales buck trend of curtailed spending
- Shoppers, diners, travelers scour for deals with tight budgets
Employees unload online pickup orders at a Walmart store in Grand Prairie, Texas.
Photographer: Shelby Tauber/BloombergThis article is for subscribers only.
Strong results from the largest retailer and a robust monthly sales report went a long way toward easing worries about the health of the American consumer.
But a slate of Wall Street analysts want more evidence, raising the stakes next week for earnings reports from Target Corp., Macy’s Inc. and TJ Maxx owner TJX Cos.