Despite soaring jobs market, major U.S. retailers warn consumers are puling back

U.S. consumers are pulling back on discretionary spending. (Credit: Courtesy of Getty Images)

Investors on Friday were treated to blowout labor market data and an end to the weeks of debt ceiling turmoil, lifting the Nasdaq past its August peaks to mark a fresh 52-week high.

Beneath the surface, however, one sector is already sounding the alarm about the health of the U.S. economy: retailers.