Stocks Surge as S&P 500 Hits Record High and Investor Sentiment Improves
The S&P 500 reached the milestone of 4500 points as the odds of a rate pause in September increased due to weaker-than-expected ADP jobs data and a downward revision of Q2 GDP estimates. Salesforce reported strong second-quarter results, with sales growing 11% and EPS increasing by 78%. Other stocks in focus include Apple, Palo Alto Networks, CrowdStrike, HP, Hewlett Packard Enterprise, Box, and PVH.