Reported about 2 months ago
On August 15, 2024, major U.S. stock indexes surged as signs emerged of a resilient economy, with the S&P 500 up 1.6%, Dow Jones up 1.4%, and Nasdaq up 2.3%. Retail spending increased and unemployment claims dropped, boosting investor confidence. Strong performance from Walmart after it raised its sales forecast further fueled market optimism, as Wall Street anticipates a Federal Reserve interest rate cut next month.
Source: YAHOO