Positive Earnings Reports and Economic Data Drive Stock Market Growth
Stock markets rose last week, fueled by mostly positive earnings reports and economic data. The advance estimate for fourth-quarter economic growth exceeded expectations, demonstrating the enduring economic robustness. Additionally, the Federal Reserve’s preferred inflation measure, Core PCE, experienced a slower decline than anticipated. This combination of positive indicators has contributed to the strength of the stock market rally and suggests a lack of urgency to ease monetary policy.
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