Reported about 2 months ago
Stocks ended higher on Friday, with the S&P 500 and Nasdaq erasing early August losses and achieving their best week of the year. Key economic data indicated rising consumer sentiment and steady inflation expectations, easing earlier recession fears. Notably, Walmart's strong earnings supported confidence in consumer spending, while expectations for Federal Reserve rate cuts shifted to a 66% probability of a modest 0.25% reduction next month.
Source: YAHOO