Rafael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
All three major indexes fell after oil prices surged amid fears about disruptions in global energy supplies.
crude prices, as well as Brent, which is the global benchmark, rose nearly 2% each.
On top of that, Walmart shares ended the day lower despite posting better-than-expected earnings.
Investors got concerned about the outlook for the world's biggest retailer, given signs that lower-income shoppers are being cautious about their spending.
For a long time, there's been a difference between how Americans feel about the economy and what the data actually show.
A long period of high prices and uncertainty about the labor market
has left many households feeling a little skittish about their future.
The data, though, largely have shown the U.S.
economy is expanding at a very solid pace, growing more than 4% in the summer and early fall.
On Friday, we'll get the latest GDP report, this one covering from October to December.
That's going to give investors a good report card on the economy, including on consumer spending and the impact of tariffs.
Another important clue will come on Thursday when Walmart will report earnings, giving us another good view of consumer spending.
For a long time, there's been a difference between how Americans feel about the economy and what the data actually show.
A long period of high prices and uncertainty about the labor market has left many households feeling a little skittish about their future.
The data, though, largely have shown the U.S.
economy is expanding at a very solid pace, growing more than 4 percent in the summer and early fall.
On Friday, we'll get the latest GDP report, this one covering from October to December.
That's going to give investors a good report card on the economy, including on consumer spending and the impact of tariffs.