Dow Jones Gains Steam: Is Netflix’s Earnings Surge and Michigan Sentiment the Market’s Next Big Catalyst or Just a Mirage?
In Friday’s session, investors will closely monitor quarterly earnings from American Express and 2M.
Meanwhile, stronger-than-projected Retail Sales data for June has also improved demand for US equities. The Retail Sales data, a key measure of consumer spending, rose at a faster pace of 0.6% on month, compared to estimates of 0.1%. Upbeat US Retail Sales data signaled that the tariff-driven inflation has failed to restrict households’ spendings. In May, the consumer spending measure declined by 0.9%.
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