Dow Gains 100 Points; US Retail Sales Rise 0.2% In June

by | Jul 16, 2026 | General

U.S. stocks traded mixed this morning, with the Dow Jones gaining around 100 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.20% to 52,764.81 while the NASDAQ dipped 1.04% to 25,995.84 The S&P 500 also fell, dropping, 0.43% to 7,539.65.

Leading and Lagging Sectors

Consumer staples shares jumped by 2.2% on Thursday.

In trading on Thursday, information technology stocks fell by 2.1%.

Top Headline

U.S. retail sales increased 0.2% month-over-month in June, compared to a revised 1% gain in May and in-line with market estimates. It signalled the smallest gain in five months.

Equities Trading UP
           

  • Growhub Ltd (NASDAQ:TGHL) shares shot up 79% to $1.46 after the company announced a $400 million merger agreement with EnChem.
  • Shares of Twin Vee Powercats Co (NASDAQ:VEEE) got a boost, surging 44% to $38.25 after the company announced a combination agreement which a USFM subsidiary.
  • Agape ATP Corp (NASDAQ:ATPC) shares were also up, gaining 35% to $3.39 following the Securities and Exchange Commission filing that disclosed a new stake held by proprietary trading firm and liquidity provider Jane Street Group LLC.

Equities Trading DOWN

  • Nuvve Holding Corp (NASDAQ:NVVE) shares dropped 58% to $8.98 after the company announced first-quarter results.
  • Shares of Sobr Safe Inc (NASDAQ:SOBR) were down 44% to $1.16 after the company announced an exercise of warrants for $3.1 million gross proceeds.
  • Tianci International Inc (NASDAQ:CIIT) was down, falling 33% to $0.28 after the company announced a 1-for-10 reverse stock split.

Commodities

In commodity news, oil traded up 0.5% to $80.00 while gold traded down 1.5% at $3,992.30.

Silver traded down 2.5% to $56.000 on Thursday, while copper rose 0.3% to $6.3600.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 declined 0.6%, while Spain’s IBEX 35 Index fell 0.6% London’s FTSE 100 slipped 0.5%, Germany’s DAX declined 1%, while France’s CAC 40 dipped 0.8%.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 dipping 2.79%, Hong Kong’s Hang Seng index rising 1.33%, China’s Shanghai Composite dipping 1.85% and India’s BSE Sensex gaining 0.002%.

Economics

  • U.S. retail sales increased 0.2% month-over-month in June, compared to a revised 1% gain in May and in-line with market estimates.
  • The New York Fed’s services business activity index jumped 19 points to a reading of 8.7 in July.
  • The Philadelphia Fed manufacturing index rose to 41.4 in July from 10.3 in the previous month.
  • U.S. initial jobless claims fell by 8,000 to 208,000 in the week to July 11, compared to market estimates of 217,000.

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