Major indexes rose early as traders showed confidence sparked by earnings. Netflix fell despite topping estimates. Housing starts rebounded in June and consumer sentiment is ahead.
The S&P 500 and Nasdaq Composite managed to eke out fresh record intraday highs this week, which was supported by encouraging earnings reports and economic data.
As President Trump denied he’d fire Fed Chairman Powell and promised more tariff letters, investors await retail sales and Netflix earnings. Bank earnings were generally solid.
Higher yields on worries of rate cut delays sank stocks yesterday despite better-than-expected bank earnings and in-line CPI. Today brings fresh bank results and wholesale prices.
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