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Wall St gains as US retail sales quell slowdown worries

Pelican Press

By Pelican Press,
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Wall St gains as US retail sales quell slowdown worries

Wall Street’s main indexes have risen as retail sales data for July indicated resilient consumer spending, allaying fears of an imminent recession in the world’s biggest economy.

All megacap and growth stocks edged up, with Tesla leading the pack and rising 4.1 per cent.



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