Overview

• The S&P 500 rose by 3.9% this week, marking its best performance since November 2023.
• Consumer sentiment in August reached its highest level in five months, boosting market optimism.
• Retail sales jumped by 1% in July, surpassing expectations and alleviating concerns about consumer spending.
• The Federal Reserve's potential rate cuts in September are anticipated to support continued economic resilience.
• Big Tech stocks like Nvidia experienced volatile trading, reflecting ongoing debates about their valuation.