U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.

GE Aerospace raised its guidance, Taiwan Semi shows a record profit. Retail sales bounce back. Jobless claims fall.

June retail sales data will give investors a look at how tariff-fueled inflation is shaping consumer spending.

Wall Street’s market averages trade higher on Thursday, as investors digested fresh data on retail sales and jobless claims. The benchmark S&P 500 (SP500) has pushed up by 0.2% and the blue-chip Dow (DJI) has climbed by 0.