1. S&P 500 rose 0.62% to 6,645.73 on Friday. 2. University of Michigan consumer sentiment revised lower to 55.1 in September. 3. U.S. personal spending rose 0.6% in August, exceeding estimates. 4. PCE price index increased 2.7%, marking the highest since February 2025. 5. Energy shares jumped 1.4%, while technology stocks fell 0.4%.
The mixed data on consumer sentiment and inflation indicates economic uncertainty. Historical trends show stocks often react conservatively during similar economic signals.
The article discusses consumer sentiment and spending, influencing S&P 500's performance, but is not overwhelmingly bullish or bearish.
Immediate market reactions to quarterly earnings and sentiment measures tend to be short-lived. However, sustained inflation could lead to longer-term adjustments.