US retail stocks rise after Fed's Powell hints at rate cut

Urban Outfitters

22/08/2025 16:44

Updates

** Shares of U.S. retailers rise after Federal Reserve Chair Jerome Powell hints at possible interest rate cut that could boost discretionary spending among consumers

** "Investors are cheering Powell’s comments like it’s the start of a rate-cut parade. But one cut won’t move the needle on consumer spending" - Zak Stambor, senior analyst, Emarketer

** Shares of apparel retailers Abercrombie & Fitch ANF.N and American Eagle Outfitters AEO.N rise ~5%, Urban Outfitters URBN.O gain ~4%

** Shares of big box retailers Target TGT.N and Best Buy BBY.N also up ~4% each, while Macy's M.N up ~3% and Kohl's KSS.N up 5%

** Home improvement chains Home Depot HD.N and Lowe's LOW.N up nearly 4% each

** Shares of sportswear makers Nike NKE.N, Lululemon LULU.N up ~3% each and Under Armour UAA.N up ~2%

** Toymakers Mattel MAT.O and Hasbro HAS.O also up nearly 3%

** Cruise stocks Royal Caribbean RCL.N, Carnival CCL.N and Norwegian Cruise Line Holdings NCLH.N up 4%, 5% and 6%, respectively

** Including today's move, S&P 500 Consumer Discretionary Distribution & Retail Index .SPXRT is up 5.5% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))