US Economic Resilience Lifts Equities
US economic strength and cooling inflationary pressures are lifting stocks.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"Signs of strength in the US economy are also supportive of stocks after today’s reports showed the May ADP employment change, the May ISM services index, and Apr factory orders rose more than expected."
"Stocks have also been buoyed by cooler-than-expected US producer and import prices this week, and got another lift after initial jobless claims for the week ending April 11 came in below economist forecasts."
"Stock indexes are moving higher today as US economic strength outweighs Iran war concerns. Signs of economic resilience and cooling inflationary pressures are lifting stocks today."