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Retailers’ results may be next test for rally in U.S. stocks

February 17, 2023

Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation.

As a tepid fourth-quarter results season comes to an end, Walmart (NYSE:WMT) and Home Depot (NYSE:HD) are set to report in the coming week, with other high-profile retailers including Best Buy and Lowe’s (NYSE:LOW) due the following week.