Reported about 2 months ago
US stocks experienced a notable increase as positive economic indicators emerged, highlighting resilience in the consumer and labor markets. The Nasdaq rose by nearly 1.2%, and Walmart shares surged over 7% following a strong earnings report. July retail sales exceeded expectations with a 1% increase, easing recession concerns. Additionally, initial jobless claims fell, suggesting continued strength in employment, adding to the optimism in the market after a challenging start to August.
Source: YAHOO