Equities and dollar rise with encouragement from economic data and earnings
Written by Sinad Caro and Mark Jones
New York/London (Reuters) -Equality advanced on Thursday with the S&P 500 and NASDAQ index recorded record levels in records and dollars, where investors were encouraged through the latest crop of economic and profit data reports, while future oil contracts in the Middle East increased.
Data on the allegations of the unemployed showed that the number of Americans who submit new requests to obtain unemployment benefits last week, noting the growth of fixed jobs so far in July, although some of the workers who have been appointed suffer from long -term unemployment talismans due to moderation in employment.
Retail sales in the United States have been more frequent than expected in June, but some increase will reflect higher prices for some commodities exposed to tariffs.
“In economic data, two of the main publications appeared today: retail sales and unemployment demands. Both were better than expected,” said Mike Corkoli, Director of the Investment Strategy and Vice president of Citizens Private Wealth.
“These two people explain the strength of the consumer and the labor market. Therefore, many of the concerns that were placed on the state of the American economy are exaggerated and failed to work at this time period. Maybe you will do some time below the line, but these data and data that have appeared recently reinforced the power of the American economy.”
Corkanouli also referred to strong profit reports as a stock batch on Thursday.
Taiwan SemiDuctor Manufacturing, a world maker for advanced artificial intelligence chips, has published standard profits before expectations. He has warned that future income may have American definitions, albeit not until the fourth quarter. Also, GE Aerospace has raised its profit expectations with the rise of Jet engine delivery as an efforts to repair display restrictions showed results.
“Money is still flowing to stocks on expectations for a strong profit season,” said Michael James, Rosenblatt Securities, Los Angeles.
“In general, the market continues to climb a wall of anxiety regardless of the high assessments, as people look after this current quarter or the following month to assess shares on the complications of 2026.”
After four consecutive days of losses, the Stoxx 600 in Europe has finished 0.96 %, with an increase in strong profit reports including standard orders in the Swiss engineering company ABB.
Wall Street was reinforced by stocks including Pepsico Pep.o, which gathered 7.5 % after reporting a better quarterly results than expected on steady demand in the United States and major markets, including Europe. On another positive mark for the consumer, United Airlines Ual.O has increased after executive officials said that the company had witnessed strong reservations in the past three weeks.
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2025-07-17 02:30:00
