Retail sales, McDonald's battles Taco Bell and U.S. energy independence

The three major indices are trading mixed today with the Dow (^DJI) and S&P 500 (^GSPC) in the green and the Nasdaq (^IXIC) in the red following some bank earnings and a slightly disappointing March retail sales number.

Here are some of the other stories Yahoo Finance is keeping an eye on today.

Retail sales
March came in like a bit of a lion at the nation’s retailers. Sales came in up nine-tenths of a percent. That’s the first increase since November…but below economists’ forecasts.

Get the Latest Market Data and News with the Yahoo Finance App

Economic peak?
The U.S. consumer is just one factor to weigh when judging the state of the economy. Yahoo Finance’s Aaron Task says based on data like non-farm payrolls, GDP and yes, retail sales, the best of the U.S. economy may be behind us. Specifically, back in Q4 of 2014.

Energy independence
Oil prices are higher today on expectations U.S. crude production will slow. Peter Kenny, Chief Market Strategist at Clearpool Group,says that slowing production is actually good news for America’s energy future.

McDonald’s vs. Taco Bell
McDonald’s (MCD) apparently has a new way to take on the breakfast competition from Taco Bell (YUM) McDonald’s in Northeast Pennsylvania are offering a free Egg McMuffin to anyone who brings in a Taco Bell receipt.

More from Yahoo Finance
Consumer stocks: The best is yet to come, Strategas’ Verrone says
Wild currency swings, M&A could be windfalls for Goldman, Morgan Stanley
JPMorgan and Wells Fargo top estimates; Nokia/Alcatel-Lucent in talks



You may also like...

Rules of Discussion on Retail sales, McDonald's battles Taco Bell and U.S. energy independence

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …