S&P 500 rises to new record as Nvidia powers chip stocks higher 10/17/24

Stocks are higher after getting a boost from semiconductor names, while strong economic data eased lingering fears of a potential recession. September’s retail sales figures showed that consumer spending was still robust, with monthly spending increased by 0.4%, while the Dow Jones consensus estimate called for 0.3% We’ll tell you what it all means for you and your money.