US Stocks Climb on Unexpected Retail Sales Boost

US stocks reached all-time highs following unexpectedly strong retail sales, suggesting economic resilience as inflation eases and the Federal Reserve nears potential rate cuts. The S&P 500 rose 0.3%, driven by positive corporate earnings and robust demand in sectors like artificial intelligence. Treasury yields adjusted slightly, and key financial institutions reported mixed results. The market's performance reflects optimism that the economy has weathered the worst of the Fed's policy tightening.