 I'm Jerry Willis, and this is the Fox Business Report. The Dow is surging on rate cut optimism. However, tech stocks are among the laggards and weighing on the tech-heavy Nasdaq. Americans paused their spending in June from May with retail sales flat. May retail sales were revised higher, up 0.3%, excluding autos. Sales were up 0.4% for the year ending in June. Retail sales were up 2.3%.