Connect with us
The S&P 500 continued its rise today, marking its best three-session jump since February, due in part to forecast-beating industrial production.

archive

Stocks Continue Rise on Economic Data

The S&P 500 continued its rise today, marking its best three-session jump since February, due in part to forecast-beating industrial production.

Stocks Continue Rise on Earnings, Economic Data (Bloomberg)

The S&P 500 continued its rise today, marking its best three-session jump since February, due in part to forecast-beating industrial production. ??The macro data continues to come in reasonably firm and we don??t think valuations on the stock side suggest we??re overdone,? Jim Russell, a senior equity strategist at U.S. Bank Wealth Management, said. ??The market is finding some sort of natural trading level to bounce out of and we??re seeing slightly better-than-expected earnings and second-quarter outlooks from management that seem to be encouraging.?

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

Transgender Athletes, Laurel Hubbard, CeCe Telfer, Mary Gregory Transgender Athletes, Laurel Hubbard, CeCe Telfer, Mary Gregory

Transgender Athletes Threaten Women’s Sports.

CULTURE

archive

Stocks Continue Rise on Economic Data

Stocks Continue Rise on Earnings, Economic Data (Bloomberg)

The S&P 500 continued its rise today, marking its best three-session jump since February, due in part to forecast-beating industrial production. “The macro data continues to come in reasonably firm and we don’t think valuations on the stock side suggest we’re overdone,” Jim Russell, a senior equity strategist at U.S. Bank Wealth Management, said. “The market is finding some sort of natural trading level to bounce out of and we’re seeing slightly better-than-expected earnings and second-quarter outlooks from management that seem to be encouraging.”

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Transgender Athletes, Laurel Hubbard, CeCe Telfer, Mary Gregory Transgender Athletes, Laurel Hubbard, CeCe Telfer, Mary Gregory

Transgender Athletes Threaten Women’s Sports.

CULTURE

Connect
Newsletter Signup.

Sign up to the Human Events newsletter