S&P 500 set to end at record high on retail sales cheer

Published by
Reuters

By Medha Singh and Anisha Sircar (Reuters) -The S&P 500 was on track for a record closing high on Monday, as a strong retail sales report underscored the strength of the U.S. economy and overshadowed worries from Omicron-driven flight cancellations that hit stocks in the travel sector. Retail sales in the country rose 8.5% during this year’s holiday shopping season from Nov. 1 to Dec. 24, powered by an ecommerce boom, a report by Mastercard Inc showed. The S&P 500 retailing index firmed 0.4%. Travel-related stocks, typically sensitive to news around the coronavirus, declined after U.S. airline…

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