US retail sales surged 0.7% last month, fueled by robust demand for autos and electronics, highlighting the strength of consumer spending despite inflation worries. This boost in US retail sales signals continued economic resilience and has investors feeling optimistic about future market growth.
The S&P 500 earnings season is sparking optimism as strong quarterly reports from major companies fuel steady market gains, highlighting resilience in both consumer demand and corporate profits. Investors are eagerly watching forward guidance, with positive results helping to ease economic worries and boost confidence.
The S&P 500 edged higher as upbeat U.S. GDP data fueled optimism about economic growth, boosting investor confidence and hopes for steady corporate earnings ahead. This positive momentum highlights the market’s cautious but hopeful outlook on the S&P 500 economic growth story.