Stock Market Today: S&P 500 extends winning streak on signs of economic strength

Investing.com-- The S&P 500 closed higher for the sixth straight session Thursday, as fears of an economic slowdown were dispelled following stronger-than-expected labor market and retail sales data.U.S. retail sales rose by a larger than expected amount in July, pointing to resilience in consumer spending activity, allaying fears of an imminent recession in the world's biggest economy.

"Walmart’s investments over the past decade have allowed it to move beyond a low-price model to a 'price + convenience + assortment' offering," Truist said, paving the way for continued market share gains continues.) rose 1% despite warning of a weaker annual profit and clocked a bigger-than-expected drop in its annual comparable sales earlier this week.

"With shares now trading back towards the high $360s and the potential for a miss and guide-down with ULTA's Q2 report on 8/29, we would still be positioned to take advantage of dips from here," Oppenheimer added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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