RETAIL SALES RISE MODESTLY

Retail sales increased in August despite market turmoil as consumers continued to benefit from low gasoline prices and strong job and income growth. Sales at stores and online rose 0.2%, the Commerce Department said Tuesday, slightly below the 0.3% increase projected. Excluding volatile autos and gasoline, sales advanced 0.3%. Commerce slightly revised up its sales estimate for July from 0.6% to an even stronger 0.7%.