US retail sales rebounded strongly in June, rising by 0.6%, surpassing expectations after a pullback in May. This growth reflects robust consumer spending, with shoppers demonstrating resilience even amid rising costs and trade tariff impacts. The positive retail data alleviates concerns regarding imminent rate cuts, suggesting a stable labor market and continued economic expansion. Reports indicate that various sectors, including grocery and hardware sales, contributed to the upward trend. Overall, the unexpected sales surge has boosted market optimism and led to a strengthened position for the S&P 500.