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Indexes rose after a surprise 1% jump in retail sales. Bond yields jumped as traders dialed back fears of an imminent economic slowdown.

(Bloomberg) -- A massive jump in the shares of a Brazilian waste management company has vaulted its founder into the ranks of billionaires in the South American country.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitShares of Ambipar Participacoes e

The S&P 500 was up 1.6% on Thursday, Aug. 15, 2024, as a strong retail sales report underscored the resilience of U.S. consumers.

Equities, Yields Rally as Markets Parse Macro Data, Corporate Earnings

(Bloomberg) -- Developing-nation currencies trimmed weekly gains after data underscoring the resiliency of the US economy cooled bets on an outsize interest-rate cut by the Federal Reserve next month. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitA

Dell Technologies shares jumped Thursday, adding to recent gains as analysts highlighted the legacy computing company's opportunity to gain from surging demand for artificial intelligence.

July retail sales and Walmart gave a boost to retail sentiment, helping to drive a stock market rally.