retail sales increased 04 in april on a monthovermonth basis according to the advance estimates released tuesday rebounding from a revised 07 decline recorded in march but falling short of the expected 08 increase   seasonally adjusted advance estimates of us retail and food services sales for april 2023 came in at 6861 billion up 04 on the month and 16 yearoveryear the monthly print was below economists expectations of an 08 increase   retail sales bounced back in april after two consecutive months of decline in which they fell by 07 in february and 07 in march   core retail sales which excludes motor vehicles and parts rose 04 monthly as expected after having fallen 05 in march and 06 in february in annual terms core retail sales were 21 higher   excluding gasoline stations core retail sales were 06 monthonmonth higher in april and up 43 from a year ago   among different spending categories the biggest monthly increases were recorded in miscellaneous store retailers and nonstore retailers up by 24 and 12 on the month respectively   the most significant monthly drags were observed in sporting goods hobby musical instrument and book store category and gasoline stations which fell by 33 and 08 on the month respectively   the dollar edged higher with the us dollar index which is tracked by the invesco db usd index bullish fund etf  up 06   investors maintaned unchanged fed rate expectations for june assigning an 85 chance of a rate hold according to cme group fedwatch   futures on the sp 500 index which is closely tracked by the spdr sp 500 etf trust  tilted lower by 01   treasury yields slightly rose with the 10year yield rising 2 basis points to 352 and the twoyear yield up 1 basis point to 402   gold which is tracked by the spdr gold trust  rose 02 read now sp 500 futures slip after home depots q1 print analyst says retest of october lows likely