Retail sales in September beat out Wall Street forecast, increasing a seasonally adjusted 0.4% in the month, topping the unrevised total of 0.1% in August, the Commerce Department said on Thursday.

Retail sales rose again in September, reflecting the ongoing resilience of U.S. consumers.Spending increased 0.4% in September from August, according to the latest data released by the Census Bureau Thursday.

Retail sales increased 0.4% in September, with strength in a broad range of categories that overcame weak gas and auto spending, the U.S. Commerce Department said Wednesday.

Retail sales rose by more than expected in September, with an increase of 0.4% exceeding economists expectations as the consumer showed signs of continued strength.

The news comes as retail industry experts anticipate a banner holiday season with sales that increase from 2.5% to 3.5% year-over-year in November and December. Those increases would translate to $979.5B to $989B in sales, the National Retail Federation said.

Taiwan Semiconductor Manufacturing's earnings beat and solid outlook created tailwinds for several chip stocks.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales dropped by 9.26% in September 2024 compared to the same month last year.Overall sales for

U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view that the economy maintained a strong growth pace in the third quarter.

Retail sales in the United States accelerated in September, according to government data released Thursday, a positive sign for consumption as the election approaches.