Overview
The U.S. stock market saw gains today as encouraging economic data mitigated some concerns over potential Fed rate increases. Consumer-related stocks were buoyed by an unexpected rise in retail sales and a continued decline in new jobless claims.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News
- Positive sales outlook boosts TSMC and tech stocks.
- Netflix reports Q2 earnings surpassing expectations.
- Analysis suggests Trump's tariffs have not significantly impacted consumer spending.
- New jobless claims decline for the fifth consecutive week.
Tomorrow's Economic Indicators
| Announcement Time | Item |
|---|---|
| 20:30 | U.S. June Building Permits |
| 20:30 | U.S. June Housing Starts |
| 23:00 | U.S. July University of Michigan Consumer Sentiment Index |
| 23:00 | U.S. July University of Michigan Expected Inflation |
| Unspecified | U.S. Baker Hughes Oil Rig Count |
General Opinion
Despite divided views on the Federal Reserve's future monetary policy actions, the sustained consumer spending and positive economic trends suggest a favorable environment for stocks. Experts are optimistic about a long-term bullish market while cautioning about potential short-term corrections due to trade policy impacts. Investors are advised to remain vigilant amid these developments.
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daily stock summary
