Is the Stock Market’s Best Week of 2024 Set to Continue?

Last week was the best week for stocks in 2024, as all three major stock market indexes posted their best results of the year.

There was a confluence of factors that made it the best week for stocks, most notably, the Consumer Price Index fell for the fourth straight month. The July CPI report, which came out on Wednesday, placed the inflation rate at 2.9%, which is the first time since March 2021 that it has been below 3%.

Then on Friday, the University of Michigan’s Consumer Sentiment Survey climbed 2.1% in August, which was much more than economists had expected. The sharp increase indicates that consumers are more hopeful about the state of the economy going forward.The markets are trading higher Monday at the time of writing.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney Earnings: Streaming Business Finally Turns a ProfitStocks Analysis by ValueWalk (Dave Kovaleski) covering: Walt Disney Company. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Is Now the Right Time to Buy Value Stocks?Market Overview Analysis by ValueWalk (Dave Kovaleski) covering: Nasdaq 100, S&P 500, Bank of America Corp, Alphabet Inc Class A. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

How the Stock Market Has Fared Under BidenStocks Analysis by ValueWalk (Dave Kovaleski) covering: S&P 500, NASDAQ Composite. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Is This Warren Buffett Stock a Buy After Q2 Earnings Beat?Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Moodys Corporation, Berkshire Hathaway B, Berkshire Hathaway Inc Class A. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »