This week: Retail sales, United Airlines and Netflix earnings
Time:2024-05-22 00:31:27 Source:worldViews(143)
Retail receipts
On Monday, the government releases its report on retail sales for the month of March.
After pulling back in January, Americans picked up their spending a bit in February, but the 0.6% gain was weaker than expected and suggested that consumers are growing more cautious with their money. Wall Street expects retail sales rose about 0.4% last month March.
Retail sales, monthly percent change, seasonally adjusted:
Oct.: -0.3
Nov.: 0.0
Dec.: 0.4
Jan.: -1.1
Feb.: 0.6
March (est.): 0.4
Source: FactSet
United reports
On Tuesday, United Airlines issues its first-quarter earnings report after the bell.
Analysts project United lost 58 cents per share last quarter, the slowest travel period of the year. A year ago United lost 63 cents per share. United announced in March that federal regulators were increasing their oversight of the airline following a series of issues including a piece of the outer fuselage falling off one jet, an engine fire and a plane losing a tire during takeoff.
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