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CNBC Daily Open: Data and earnings ease recession fears

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S&P 500 and Nasdaq Composite had a sixth consecutive day of gains, rising 1.61% and 2.34% respectively, while the Dow Jones Industrial Average surged 554 points

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeand second-quarter results beat Wall Street estimates. While traders have been on the lookout for signs of economic weakness, CFO John David Rainey told CNBC Walmart has not seen a shift in consumer behavior.

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