Dow and S&P 500 Surge on Retail Sales and Rate Cut Optimism
TL;DR Summary
US stocks were mixed on Tuesday as the Dow Jones Industrial Average hit a record high, driven by positive earnings from UnitedHealth. The S&P 500 rose slightly while the Nasdaq fell. Investors are increasingly confident that the Federal Reserve will cut interest rates in September, bolstered by better-than-expected retail sales data. However, concerns remain about consumer debt and the potential for an economic slowdown.
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