Elevated U.S. interest rates are impacting the U.S. retail sector, with some stocks soaring while others struggle. The S&P 500 Consumer Discretionary index is up 14%, driven by select stocks, like , which is up 21%. However, lower-income focused companies, like Dollar Tree and Dollar General, have faced declines.
Stablecoin firm Circle triples after IPO priced above range
Circle Internet Group witnessed a remarkable surge, with shares soaring up to 235% following its IPO. The stablecoin issuer and its shareholders raised nearly $1.1
June 6, 2025