Steady consumer spending and strength in the labor market keep supporting U.S. stocks despite fears of a recession
After rising to a fresh record last week following upbeat figures on third-quarter economic growth and October hiring, the S&P 500 is up 22% for the year and on track for its best
annual performance since 2013. The MSCI AC World ex USA index, meanwhile, is up 13% and had struggled to eclipse its year-to-date peak before a Friday rally. U.S. stocks have also...
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