US retail sales rise 0.6% in June; PepsiCo, Tapestry, Hershey up
US retail sales rose 0.6% in June, beating estimates and boosting consumer stocks. PepsiCo led with a 5.9% weekly gain after strong Q2 results and upbeat guidance. Tapestry jumped 5.1%, driven by investor interest and its Coach brand's strong demand. Hershey rose 4% as investors bought the dip following CEO news. XLY and XLP posted their fourth weekly gain.
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