Why good economic data is now good news for the market (NYSEARCA:SPY)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
0mins
Source: SeekingAlpha
Stock Market Performance: The stock market is experiencing a late summer rally, with the Dow Jones reaching its 25th record close of the year and the S&P 500 nearing all-time highs, driven by improved consumer spending and expectations of a Fed rate-cut cycle.
Consumer Spending Trends: A significant increase in consumer activity is anticipated for Labor Day, with record travel numbers expected, indicating strong back-to-school and college spending, which has positively impacted retail sales.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
