Retail sales rebounded in June, an indication that tariffs are not significantly impacting consumer spending habits yet.

Headline retail sales rose 0.6% in June, above economists' expectations for a 0.1% increase month on month. By comparison, sales decreased 0.9% in May, according to revised Census Bureau data.

Capital Economics North America economist Thomas Ryan wrote in a research note that Thursday's release should "dispel any fears that overall consumer spending is faltering in response to tariffs."

Also out Thursday morning, data from the Department of Labor showed 221,000 initial jobless claims were filed in the week ending July 12. After picking up in May, weekly filings for unemployment claims are now at their lowest level in three months.