Stocks were modestly higher on Friday after a rally on Thursday saw the benchmark S&P 500 and tech-heavy Nasdaq Composite erase losses suffered during this month's sell-off. These gains have the major indexes on track for their best week of the year. After rallying more than 2% on Thursday, the Nasdaq was up about 0.2% in late afternoon trading on Friday. The S&P 500 also inched up about 0.2% while the Dow Jones Industrial Average climbed about 0.3%.
Thursday's gains were catalyzed by two key readings on the US consumer — monthly retail sales and Walmart's latest earnings report — which showed any recessionary fears triggered by the sharp drop in stocks at the beginning of the month are likely misplaced. "We've seen consistency with the consumer," Walmart's CFO told Yahoo Finance. "If you look at each month of the second quarter, they were all fairly consistent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stock futures little changed after markets claw back August lossesStock futures were little changed ahead of Friday's opening bell with US stocks on pace for their best week of the year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stock futures jump higher after positive signal on jobs, unemploymentWall Street saw a comeback attempt falter on Wednesday, as stocks faded into the close and ended up with sizable declines
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stock futures steady in wait for fresh jobs, unemployment dataWall Street saw a comeback attempt falter on Wednesday, as stocks faded into the close and ended up with sizable declines
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US stock futures rise as markets look to continue reboundStock futures were pointing to gains on Wednesday as investors looked to build on Tuesday's trading session that snapped a 3-day losing streak.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »