Dow, S&P 500 rally on strong retail data, gold reaches record high: Yahoo Finance

Stocks are trading mixed after June's retail sales data came in better than expected. The print is rekindeling investor optimism for a potential Federal Reserve rate cut later this year. The Dow Jones Industrial Average is experiencing notable gains, propelled by UnitedHealth Group's strong second-quarter earnings beat. Meanwhile, investors are closely monitoring the commodities market, where gold prices have surged to record highs.

Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it' TORONTO — Corus Entertainment Inc. says it expects to have slashed 25 per cent of its full-time workforce by the end of next month compared with the beginning of its 2023 fiscal year, as the company continues to "aggressively cut costs."The Canadian market has shown robust performance recently, with a 2.5% increase over the past week and an impressive 12% climb over the last year.

"Slowing GDP + accelerating EPS has been the best backdrop for stocks," Bank of America said in a note on Monday.Fortis Inc is the kind of stock you want to be holding amid rising interest rates. The post 1 Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.Here are three top stocks to buy for long-term investors looking to build a portfolio of defensive growth with a strong total return profile.

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