Shares of Ford Motor Company (NYSE: F) are rising today, up by 4% as of 10:15 a.m. EDT, amid a broad market rally following a report that U.S. retail sales rose much more than expected in May.
The U.S. Commerce Department reported today that while total retail spending remains below pre-coronavirus levels, retail sales jumped 17.7% in May from April. That was the biggest month-to-month increase in records dating back to 1992, the department said, and well ahead of analyst forecasts.
Source Fool.com