U.S. stock markets exhibited mixed performance last week, with tech-focused indexes like the S&P 500 and Nasdaq Composite achieving record highs driven by solid second-quarter earnings and steady consumer spending. Conversely, the Dow Jones Industrial Average and S&P MidCap 400 Index experienced slight declines. Major financial institutions, including JPMorgan Chase and Citigroup, reported better-than-expected earnings, reflecting resilience in the financial sector. Retail sales rose 0.6% in June, suggesting robust consumer demand amidst rising inflation with the Consumer Price Index increasing by 0.3% in June.
U.S. stock markets showed mixed results last week, with the S&P 500 and Nasdaq Composite reaching new all-time highs due to strong corporate earnings, while the Dow and S&P MidCap 400 fell slightly.
Earnings from major banks like JPMorgan Chase and Citigroup exceeded forecasts, indicating resilience in the financial sector. Consumer giants like PepsiCo, United Airlines, and Netflix also performed well, boosting investor sentiment.
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