| Our PureVest Weekly Roundup looked at what’s been driving the Dow as it rallied to 40,000 for the first time. Inflation and retail sales data pointed to a cooler economy this week. This led interest rates lower and markets higher as many believe the economy is in the sweet spot: a growing and healthy economy without being too hot. Walmart hit an all-time high as revenues grew 6% year over year; online sales grew 22%. Mortgage rates dipped below 7% on Friday. Netflix said their ad-tier model now has over 40 million subscribers, and AMD had positive developments with Microsoft and their AI chips. Enjoy the light reading, and have a great weekend. |
| Markets & Economy: Here’s what has driven the Dow rally to 40,000, and why it could keep going source:www.cnbc.com Finally, some relief: Inflation and retail sales reports point to cooler economy source:www.axios.com Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains source:www.cnbc.com Mortgage Rates Drop to Lowest Level in 7 Weeks. 30-Year Rates Have Dipped Into 6% Territory source:www.investopedia.com Netflix ad-supported tier has 40 million monthly users, nearly double previous count source:www.cnbc.com AMD Stock Rises On Microsoft Plan To Offer AMD AI Processors On Azure source:www.investors.com |