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Retailers see stocks surge, with Victoria's Secret and Foot Locker leading the rally. S&P 500 gains indicate broader market optimism.
This holiday season, retailers like Victoria's Secret and Foot Locker are experiencing a stock market rally, despite modest forecasts and mixed updates.
Since a November 14 CPI report revealed a softer-than-expected inflation rate, investors have rallied around retail stocks, leading to significant surges. The optimistic sentiment, spurred by expectations that the Federal Reserve may halt interest rate hikes, has resulted in a sharp decline in Treasury yields and a boost for equities. Warehousing adjustments and inventory management also play key roles in shaping investor outlook.
Victoria's Secret - 52% Increase
Foot Locker - 50% Increase
Ulta Beauty - 21% Increase
Dollar Tree - 12% Increase
S&P 500 - 4.1% Increase
Source: The Wall Street Journal
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