S&P 500 Records Best Week of 2024 Amid Strong Economic Data

Investor confidence grows as consumer sentiment and retail sales show unexpected gains, easing fears of a rapid economic slowdown.

The S&P 500 rose by 3.9% this week, marking its best performance since November 2023.
Consumer sentiment in August reached its highest level in five months, boosting market optimism.
Retail sales jumped by 1% in July, surpassing expectations and alleviating concerns about consumer spending.
The Federal Reserve's potential rate cuts in September are anticipated to support continued economic resilience.
Big Tech stocks like Nvidia experienced volatile trading, reflecting ongoing debates about their valuation.