Stocks leap on Wall Street as data show strong spending by U.S. consumers

Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. The Standard & Poor's 500 jumped 1.6% for its fourth-best day of the year and its sixth straight gain as the U.S. stock market rights itself after a scary few weeks. It’s back to within 2.2% of its all-time high set last month after briefly falling close to 10% below it.

3% higher after the seller of backhoes, bulldozers and other equipment reported higher profit and revenue than expected. That was despite what it called challenging conditions across the agricultural and construction sectors globally. Cisco Systems’ profit and revenue for the latest quarter squeaked past analysts’ forecasts, and its stock jumped 6.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Top Wall Street analysts are bullish on these dividend stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Pfizer and IBM.
Sumber: NBCNewYork - 🏆 270. / 63 Baca lebih lajut »

Top Wall Street analysts are bullish on these dividend stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Pfizer and IBM.
Sumber: nbcchicago - 🏆 545. / 51 Baca lebih lajut »

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economyAsian stocks have advanced after U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve
Sumber: ABC - 🏆 471. / 51 Baca lebih lajut »

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economyAsian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on
Sumber: Mynorthwest - 🏆 438. / 53 Baca lebih lajut »

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economyAsian stocks have advanced after U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve.
Sumber: ksatnews - 🏆 442. / 53 Baca lebih lajut »