1. Q2 GDP growth surged to 3%, reversing Q1's decline. 2. 104,000 jobs added last month, exceeding forecasts. 3. Annual wages rose by 4.4%, surpassing inflation. 4. Consistent consumer spending indicates economic resilience. 5. Recession risks diminished by major banks' revisions.
The strong GDP and employment data typically boost investor confidence, as seen in past growth surges. Similar reports have historically led to upward movements in S&P 500, as they suggest robust economic conditions.
The article highlights significant economic indicators that traditionally influence market dynamics and investor sentiment, leading to a possible rise in the S&P 500.
Immediate market reactions are likely from current economic data, like GDP and job additions. Over the next few weeks, S&P 500 may see a positive trend unless new adverse data emerges.