The combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,350.2 billion, down 0.2% from April, but up 5.1% from May 2016, the Census Bureau announced.

Advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $473.5 billion, a decrease of 0.2% from the previous month, and 2.8% above June 2016. Total sales for the April through June period were up 3.8% from the same period a year ago. The April to May percent change was revised from down 0.3% to down 0.1%.

In June, the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged seasonally adjusted; rising 1.6% over the last 12 months, not seasonally adjusted, the Bureau of Labor Statistics reported. The index for all items less food and energy rose 0.1% in June; up 1.7% over the year.

Real average hourly earnings increased 0.2% in June, seasonally adjusted. Average hourly earnings increased 0.2%, and CPI-U was unchanged. Real average weekly earnings increased 0.5% over the month.

THE ECONOMIC WEEK AHEAD: Wednesday, the Census Bureau will report about housing starts for June. Thursday, the Labor Department will issue its initial claims report.

Friday, the Dow gained 84.65 points (0.39%) to finish at 21,637.74, the NASDAQ closed 38.03 points (0.61%) higher at 6,312.47, and the S&P 500 increased 11.44 points (0.47%) to 2,459.27. The Russell 2000 was up 3.15 points (0.22%) at 1,428.81, and the Wilshire 5000 climbed 112.94 points (0.44%) to 25,569.93.

The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.328%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.917%.

WEEK’S WORTH: For the week ending July 14, the Dow increased 1.04%, the NASDAQ climbed 2.59%, and the S&P 500 gained 1.41%. The Russell 2000 was up 0.92%, and the Wilshire finished 1.39% higher.

ON THIS DATE: In 1821, Spain ceded Florida to the U.S. In 1862, national cemeteries were authorized by the U.S. government. In 1867, Harvard School of Dental Medicine was established in Boston, MA. It was the first dental school in the U.S. In 1898, U.S. troops under General William R. Shafter took Santiago de Cuba during the Spanish-American War. In 1941, the longest hitting streak in baseball history ended when the Cleveland Indians pitchers held New York Yankee Joe DiMaggio hitless for the first time in 57 games. In 1945, U.S. President Harry Truman, Soviet leader Josef Stalin and British Prime Minister Winston S. Churchill began meeting at Potsdam in the final Allied summit of World War II. In 1955, Disneyland opened in Anaheim, California. In 1966, Ho Chi Minh ordered a partial mobilization of North Vietnam forces to defend against American air strikes. In 1975, an Apollo spaceship docked with a Soyuz spacecraft in orbit. It was the first link up between the U.S. and Soviet Union. In 1997, after 117 years, the Woolworth Corp. closed its last 400 stores.