Third-quarter U.S. profit growth on track to be highest since 2010
U.S. earnings growth for S&P 500 companies in the third quarter is on track to be the highest since 2010, eclipsing the strong results from earlier this year, according to IBES data from Refinitiv.
US Christmas sales predicted to surpass $1 trillion for the first time this year
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer.
US Treasury yields jump after better-than-expected jobs report
U.S. government debt prices ticked lower as investors looked ahead to the release of October nonfarm payrolls data.
US factory orders increase more than expected in September
New orders for U.S.-made goods increased more than expected in September, but softening business spending on equipment suggested the manufacturing sector could be slowing.
Consumer confidence rises to an 18-year high in October
U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.
U.S. Personal Spending Ends Third Quarter on Solid Footing
Americans increased spending in September and their incomes ticked up, a positive sign for the economy’s main engine heading into the fourth quarter.
U.S. GDP Grows Above-Forecast 3.5% on Consumers, Inventories
The U.S. economy expanded at a 3.5 percent pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
US economy showing momentum as leading indicators rise for 12th straight month in September
The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.
Another great sign for the economy: Job openings hit an all time high in August
Job openings hit a fresh record in August, indicating companies could face more inflationary pressures ahead with a tight labor market. The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stands.
A market bottom is forming, and it will lead to new record highs, Wall Street bull Jeff Saut says
Raymond James’ Jeffrey Saut suggests bailing on stocks will be a costly mistake.