S&P 500 extends win streak to four days as consumers keep spending
U.S. stocks erased early losses to climb and close mostly higher, with the broad S&P 500 extending its winning streak to four days as investors feel increasingly bullish after data showed consumers are still hanging in despite headwinds.
April retail sales edged up 0.1%, better than estimates for unchanged and on the heels of March’s revised 1.7% jump, which was the biggest monthly surge since early 2023. Retail sales data are seen as a gauge of how consumers are dealing with tariff fears and economic uncertainty.
