Robust spending into year-end could bolster a recent run of data that has shown a stronger-than-expected economy. — Bloomberg
NEW YORK: The health of the US consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.
The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season. Earnings are on pace to have climbed about 9% from a year earlier.
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