Retail sales rise, jobless claims drop, and Walmart reports earnings

Starting before the bell and elevating our flagship newsletter, Morning Brief brings you insight into the latest market-moving news, empowering viewers with actionable information to build their investing roadmap for the day ahead. Join us for key insights and commentary about the day's top tickers and stories to help build wealth. Jobless claims dip and July retail spending quell recession fears.

Takeaways:

• Stock futures are rising Thursday morning after retail sales increased by 1.0% (above estimates) in July and initial jobless claims came below expectations (227,000 versus estimates of 235,000) for the prior week.
• Walmart shares are grooving in pre-market trading after the big-box retailer beat its second quarter earnings estimates and raised full-year sales guidance.
• Several investment firms have begun cutting their stakes in chip giant Nvidia.

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