Bank of America (BAC) CEO says US consumer in the first couple weeks of January spent 7% more Y/Y
Newsquawk Staff ·
Bank of America (BAC) CEO says US consumer in the first couple weeks of January spent 7% more Y/Y.
What it means
The CEO of Bank of America indicating that US consumer spending was up 7% year-over-year in early January suggests strong consumer demand, which may bolster expectations for economic growth. This positive indicator could have implications for equities, particularly in sectors heavily reliant on consumer activity, and may influence market sentiment regarding the health of the economy going forward.
Related headlines
- Newsquawk Daily European Equity Opening News - 3rd November 20266 days ago
- Intesa Sanpaolo (ISP IM) Q3 2026 (EUR): Revenue 6.92bln (exp. 7bln), Net Income 2.54bln (exp. 2.50bln), NII 3.89bln (exp. 3.9bln); announces interim dividends of EUR 3.8bln5 days ago
- Barclays (BARC LN) says it will make early motor finance redress offers in the UK to some customers6 days ago
- Newsquawk Daily US Opening News - 3rd November 20266 days ago
- Newsquawk US Daily Equity Opening News - AAPL falls on margin outlook; PLTR falls as US commercial growth slows5 days ago
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources5 days ago
- The Mosaic Company (MOS) Q3 2026 (USD): Adj. EPS -0.19 (exp. -0.01), Revenue 3.1bln (exp. 3.05bln)5 days ago
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms5 days ago
- Arista Networks Inc. (ANET) Q3 2026 (USD): Adj. EPS 1.20 (exp. 1.08), Revenue 3.66bln (exp. 3.33bln)5 days ago
- Booking Holdings Inc. (BKNG) Q3 2026 (USD): Adj. EPS 4.66 (exp. 4.49), Revenue 8.9bln (exp. 9.55bln)5 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-165 days ago
- Oracle (ORCL) executive VP told Nikkei the Co. has no plans to slow down its investment in Japan, emphasising that the country remains a key market5 days ago
- Ambani’s Jio Platforms held talks to license technology to Comcast (CMCSA) and Charter (CHTR) in exchange for shares, according to sources5 days ago
- Uber’s (UBER) Jill Hazelbaker to join OpenAI as Chief Corporate Affairs Officer, reports The Information5 days ago
- Apple (AAPL) opens Siri AI preview to all developers5 days ago