What happened Shares of Ford Motor Company (NYSE: F) are rising today, up by 4% as of 10:15 a.m. EDT, amid a broad market rally following a report that U.S. retail sales rose much more than expected in May. So what The U.S. Commerce Department reported today that while total retail spending remains below pre-coronavirus levels, retail sales jumped 17.7% in May from April. That was the biggest month-to-month increase in records dating back to 1992, the department said, and well ahead of analyst forecasts. Ford's pickup truck factories are working at full speed to resupply dealers. Image source: Ford Motor. While May's total retail sales of $486 billion were still lower than normal (pre-pandemic) levels, the result is a sign that the economic impact of the pandemic likely peaked in April, and that consumers have returned to stores more quickly than expected. That's good news for Ford and its rivals. As auto investors know, auto sales are a leading economic indicator: They tend to rise early in recoveries as consumer confidence grows. Simply put, the strong May retail result suggests that auto sales -- and auto pricing -- were also likely strong in May, and that's why Ford's shares are up today. Now what We won't know for sure how Ford's sales are doing until early next month, when the company reports its second-quarter sales totals for the U.S., China, and Europe. But given that the automaker's guidance called for an ugly second quarter, it's no surprise to see investors having a strong positive reaction to upbeat data points like today's. 10 stocks we like better than FordWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ford wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 John Rosevear owns shares of Ford. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source