From Google: 2024-08-15 13:06:00

The Dow surged 400 points in response to strong retail sales, easing fears of an impending recession. Data released showed a 0.7% increase in July retail sales, with numbers well above expectations. The positive figures had a ripple effect across the markets, with the S&P 500 and Nasdaq also posting gains. The surge was led by retailers like Walmart and Home Depot, whose stocks jumped significantly. Investors found confidence in the robust consumer spending, offsetting concerns about global economic slowdowns. The rally is a welcome sign for markets amid ongoing trade tensions and economic uncertainties.



Read more at Google: Dow jumps 400 points as strong retail sales soothe recession fears: Live updates – CNBC