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Stocks Rally as Data Show Economy Is Holding Up
By
Janet Levaux
News August 15, 2024 at 02:26 PM
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What You Need To Know
- The S&P 500 rose about 1.5%. Walmart Inc. — a barometer of growth — jumped on a solid outlook.
- U.S. officials have been trying to use higher rates to ease inflation without causing the economy to contract.
- The largest unwind in U.S. equities since the Covid-19 pandemic is over, and now trend-following quant funds are ready to return to the stock market.
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