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Wall Street Week Ahead: Investors focus on retailers as wages rise
Next week, several retailers including Walmart and Macy's are due to report results and investors will be keen to hear what they say about labor. Retailers and restaurants tend to have large employee bases and are expected to be among companies most likely to feel the biggest impacts of higher wages. Morgan Stanley strategists wrote in a note this week that hotels, restaurants, retailers, energy equipment and services, and IT services may be among industries most exposed to rising wages.
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