Investors are showing more confidence in U.S. spending after the worst slump in 12 months for shares of consumer-discretionary companies.
Investors are having a change of heart about U.S. consumer stocks, a sign their optimism about Americans’ discretionary spending remains intact even after a January selloff.
U.S. stocks climbed to records, leading global equities higher with the dollar, after better- than-forecast hiring data boosted optimism in the world’s largest economy. Copper tumbled a fourth day.
U.S. stocks rose, extending records for equity benchmarks, as data showed payrolls pushed past their pre-recession peak for the first time in May.
"This M&A just seems to have taken off, not that it was dead before, it just seems to be almost a daily event."
- Timothy Ghriskey on Jul 16, 2014