Stocks rise on Wall Street as retailers anticipate a significant week

Wall Street Drifts Higher Ahead of Strong U.S. Shopper Reports

Investors on Wall Street were optimistic as they anticipated upcoming reports that would shed light on the strength of U.S. shoppers. With consumer spending being a key driver of economic growth, any signs of robust consumer activity could help support the economy and prevent a recession. The positive sentiment led the S&P 500 to rise 0.6%, adding 25.67 points to close at 4,489.72. However, it’s worth noting that slightly more stocks fell than rose within the index, indicating a mixed market breadth.