Stock market today: Stocks secure best week of the year, reversing early August sell-off

Stocks ended the day in the green 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 helped secure the best week of the year for all of the major indexes and the best week for stocks since November. After rallying more than 2% on Thursday, the Nasdaq closed up about 0.2% on Friday. The S&P 500 and Dow Jones Industrial Average also each secured gains of about 0.2%.

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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 »

Stock market today: Stocks turn green, on track for best week of the yearStocks traded on both sides of the flat line on Friday after a strong week of gains had US stocks on pace for their best week of the year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »