90.7 WMFE and 89.5 WMFV are Central Florida's primary provider of NPR programming and Classical Music. Part of the community since 1965, providing quality national and local news and programming. We inspire and empower all Central Floridians to discover, grow and engage within and beyond their world.
Support for 90.7 WMFE is provided by

Stocks Soar After Strong Retail Sales And Reported Trump Infrastructure Plan

Marie Biscarra, co-owner of ISSO fashion boutique in San Francisco, writes a sign declaring her business open for curbside delivery on May 18. Retail sales jumped a record 17.7% last month.
Image credit: Ben Margot

U.S. stock markets surged Tuesday after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy, which has been battered by the coronavirus crisis.

The Dow Jones Industrial Average — up for the third trading day in a row — gained more than 700 points, or 2.8%, and the broader S&P 500 index jumped 2.5%.

Retail sales climbed a record 17.7% in May as states reopened their economies, the Commerce Department said Tuesday. Despite the rebound from historic drops in March and April, sales were still down from a year earlier.

The stock market also got a boost from a Bloomberg report that the Trump administration was preparing a nearly $1 trillion infrastructure spending plan. The report, citing unnamed sources, said that in addition to roads and bridges, the draft plan would also fund 5G wireless infrastructure and rural broadband.

Copyright 2020 NPR. To see more, visit https://www.npr.org.

Get The 90.7 WMFE Newsletter

Your trusted news source for the latest Central Florida news, updates on special programs and more.

Stay tuned in to our local news coverage: Listen to 90.7 WMFE on your FM or HD radio, the WMFE mobile app or your smart speaker — say “Alexa, play NPR” and you’ll be connected.

WMFE Journalistic Ethics Code | Public Media Code of Integrity