News Formal

Markets and consumers are in an upbeat mood. Here's why | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Stocks and consumer sentiment are rising in tandem after slumping last year, in another sign of growing optimism that the economy could dodge a recession

Consumer sentiment tracked by the University of Michigan jumped 13% in July, notching its second consecutive month of improvement. The index also reached its highest level since September 2021. The university’s index tracks consumers’ expectations in three areas: personal finances, business conditions and buying conditions.

“Things are positive right now, but it really takes one thing to trigger” volatility in the market, said Jon Ekoniak, partner at Bordeaux Wealth Advisors. UPS pilots stand in solidarity with Teamsters The union that represents pilots who fly cargo planes for United Parcel Service says it won’t cross the picket line if Teamsters go on strike next month, report my colleagues Pete Muntean and Vanessa Yurkevich.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

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

Record heat: Stocks winners and losers | CNN BusinessAs Americans desperately seek to cool off, some stocks are rising with the temperature.
Source: CNN - 🏆 4. / 95 Read more »

European markets set for flat open as traders look to earnings seasonEuropean markets are set for a muted open as investors assess the implications of some big U.S. corporate results and the start of earnings season at home.
Source: CNBC - 🏆 12. / 72 Read more »