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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 15, 2021
Page
8
The Commerce Department releases May retail sales figures with economists predicting a 0.5 percent drop from April after a flat April and a 10.7 percent surge in March driven by stimulus checks. Retail spending constitutes about a third of consumer expenditure, which drives two-thirds of U.S. economic activity.
The Federal Reserve releases the latest U S industrial production figures with economists forecasting a 0 6 percent gain for the prior month following 0 7 percent in April and 2 4 percent in March Strong demand from cash rich consumers aids output but shortages of semiconductors and copper constrain expansion.
Technology companies helped push Wall Street higher as the S&P 500 reached its third consecutive all-time high despite weakness elsewhere. A late buying surge trimmed losses for some names while Lordstown Motors faced a 18.8 percent drop after its CEO and CFO resigned.
Lawrence Public Schools plans a single contract for all staff under one union to simplify negotiations for district administration and the union. The board also named interim principals for West Middle School and Cordley Elementary, effective July 1, replacing Kempf and Cinnamon.
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