The significant events in the global economy over the past week - London Business News
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from londonlovesbusiness.com6 months ago
The U.S. stock market witnessed a robust recovery led by optimism over cooling inflation and potential economic growth, with the Nasdaq Composite surging 12.24% last week.
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Earnings season also showed promise, with S&P 500 companies expected to see 10.9% year-over-year growth in the second quarter, the fastest pace since late 2021.
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Despite positive trends, the housing market faced challenges as new building permits fell to their lowest levels since the pandemic, indicating serious sector headwinds.
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NVIDIA's shares rose nearly 19%, driven by strong investor sentiment in the AI sector, reflecting a broader confidence in future economic expansion.
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#stock-market #economic-growth #inflation #earnings-season #housing-market
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