Amy Morris

Retail sales rose at a slower pace in April, suggesting high gas prices prompted some consumers to temper their spending at other merchants.

The value of retail purchases increased about a half percent last month after a revised 1.6 percent gain in March.

We get more with Bloomberg's Michael McKee.

Bloomberg's Michael McKee explains that department store money likely went into online shopping.

Stocks rose to more records after Cisco joined the parade of companies reporting fatter profits for the start of 2026 than analysts expected.

The S&P 500 set an all-time high for a second straight day

The Dow finished above the 50,000 level for the first time since the war with Iran started, and Nasdaq also clocked a new record.

We bring you the closing numbers each day here at Bloomberg.

The S&P 500 gained 57 points, Nasdaq gained 233 points, and the Dow gained 370 points.

The 10-year Treasury yield at 4.48%, the 2-year yield at 4.01%.

WTI topping $101 a barrel and Brent Crude now closing in on $107 a barrel.

Now that the Senate has narrowly confirmed Kevin Warsh as chair of the Federal Reserve, Warsh is expected to be sworn in soon after outgoing chair Jay Powell's term expires tomorrow.

Powell has said he will remain on the board.

Fed Governor Stephen Myron tells Bloomberg Surveillance that could help create a smooth transition for Warsh.

Myron will be stepping down as Fed governor once Warsh is sworn in.

You can hear more from Fed Governor Stephen Myron on the Bloomberg Talks podcast.

Round one of the PGA Championship is underway at Aronamick Golf Club, and at last check, six players are tied for the top of the leaderboard.

That's news when you want it with Bloomberg News Now.

I'm Amy Morris, and this is Bloomberg.

And there's your closing bell for this Thursday on Wall Street, where artificial intelligence continues to fuel a record-breaking run in the markets.