Retail sales edge up in July

Traders work on the floor of the New York Stock Exchange. How will the markets react to July sales numbers?

The government's reading on consumer spending has gone up the most in seven months.  Retail sales went up 0.2 percent in July. Bill Stone, chief investment strategist at PNC Financial Services Group, explains what this means for the economy.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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