Retail sales and superstore earnings: What to know this week

Monthly retail sales and quarterly results from the likes of Walmart (WMT) and Target (TGT) will provide a detailed update on the state of the consumer in the week ahead as investors also keep a close watch on debt ceiling developments out of Washington.

Retail sales and quarterly earnings from Home Depot (HD) Tuesday morning will set the tone for a crowded week of updates on consumer spending trends.

After falling 1% on a monthly basis in March, retail sales are expected to grow by 0.8% in April, per Bloomberg data. The busy week of retail earnings will also include results from Target and TJX (TJX) on Wednesday, with Walmart and Alibaba (BABA) reporting Thursday.

Outside retail numbers and housing data headlined by existing home sales and homebuilder sentiment, the week will be relatively quiet on the economic data front.

In Washington, D.C., debt ceiling deliberations between President Joe Biden and House Speaker Kevin McCarthy are expected to continue early in the week as the…

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