Stock Market's Strong Third Quarter

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strong third quarter

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Macy's Inc (M) Stock Forecasts

Summary

Nutrition label

76% Informative

The stock market wrapped a strong third quarter in which the S&P 500 rose 5.9% (including dividends), but the focus now shifts.

The 2024 presidential election is less than 30 days away.

That is because the economy, corporate earnings, and even employment remain hale and hearty.

The Fed has started cutting interest rates and is likely to cut again in November or December .

Average hourly earnings increased 13 cents month to month for August and were 4.0% higher year over year .

Industrial production in August rose 0.8% , rebounding from a 0.9% decline in July .

Manufacturing manufacturing PMI came in at 47.2% for August 2024 , up from 46.8% for July 2024 .

Retail sales for August edged higher 0.1% month over month , after a 1.1% . Retail sales were up 2.1% , down from mid-single-digit annual growth across 2023 .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful