Stock Market Winners & Losers: Stocks Rise After Soft Retail Sales | Retail Sales Surprising Drop | Zuckerberg: Quest3 Headset Better Than Vision Pro

Winner: Stocks rise after soft retail sales
Stocks ticked higher while bond yields declined as investors took in softer-than-expected retail sales data.
Initial unemployment claims dropped 8,000 from the prior week's revised total to 212,000. The downside surprise comes amid ongoing layoff announcements.

Loser: Retail Sales Surprising Drop
In January, consumer spending contracted more than anticipated due to cold weather and increased interest rates, with retail sales decreasing by 0.8% from December, a sharper decline than predicted. December's sales figures were also revised downward. Despite this, spending remained 0.6% higher compared to January 2024. Consumers are displaying cautious spending habits, likely due to increased price sensitivity. Several sectors, including car dealerships, home improvement, sporting goods, clothing, and electronics stores, experienced decreases in spending. However, restaurants, bars, department stores, grocery stores, and home furnishing retailers saw higher spending levels during the same period.

Loser: Zuck says Quest 3 headset Better Than Vision Pro
Microsoft CEO Steve Ballmer once ridiculed the first iPhone, labeling it as excessively expensive and unsuitable for business due to the lack of a keyboard, rendering it inadequate for email use. Mark Zuckerberg, CEO of Meta, recently criticized Apple's new wearable technology in an Instagram reel, asserting that Meta's Quest is not only a better value but also a superior product overall. The competition between Meta and Apple intensifies as they vie to develop the ultimate mixed-reality headset. Meta's Quest, priced at $500, competes with Apple's $3,500 Vision Pro. Despite Vision Pro's superior screen resolution and eye-tracking capabilities, Quest boasts a lighter design and lacks a wired battery pack, making it more convenient for users.

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