Indexes end higher as retail sales soothe slowdown fears
Thu August 15, 2024 5:10 PM
With the much anticipated retail sales report coming in way above expectations and unemployment filings coming in below, the market found reassurance in the resilience of consumer spending and the fears of a slowdown were themselves slowed down. Target and Costco were typical of the surge zooming up between 2 and 4%. The Dow and Nasdaq enjoyed major 3-digit boosts with the S&P up a very impressive 88 points. The next big thing is Powell at Jackson Hole next week. Per the CBOE, volume came in at 11.1 billion, higher than in recent sessions but still below the 4-week average.
DJ: 48,008.39 +242.75 NAS: 17,192.60
+4.99 S&P: 5,455.21
+20.78 8/14
DJ: 40,563.06 +554.67 NAS: 17,594.50
+401.90 S&P: 5,543.22
+88.01 8/15
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