S&P Futures Slip as Hopes for Israel-Iran Ceasefire Fade, U.S. Retail Sales Data and FOMC Meeting on Tap
From Barchart: 2025-06-17 06:02:00
Stocks on Wall Street closed higher today, with the S&P 500 rising 0.5% to a new record high. The Dow Jones Industrial Average also gained 0.3%, while the Nasdaq Composite climbed 0.9%. Investors were optimistic about the ongoing economic recovery and strong corporate earnings reports.
In economic news, the US economy added 943,000 jobs in July, exceeding expectations. The unemployment rate dropped to 5.4%, the lowest since the start of the pandemic. This positive data fueled hopes for a robust recovery and boosted market sentiment.
Overall, it was a bullish day on Wall Street, with major indices posting solid gains and economic data pointing to a strengthening recovery.
Read more at Barchart: S&P Futures Slip as Hopes for Israel-Iran Ceasefire Fade, U.S. Retail Sales Data and FOMC Meeting on Tap