Bank of America (BAC) CEO says US consumer in the first couple weeks of January spent 7% more Y/Y

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.

Newsquawk StaffPublished 20 Jan 2026, 16:37 UTCOn the live feed at 16:17 UTC — 6 more headlines followed before this page went public

Newsquawk headlinesUTC

16:30

European Closes: Euro Stoxx 50 -0.52% at 5,895, Dax 40 -1.08% at 24,690, FTSE 100 -0.67% at 10,127, CAC 40 -0.61% at 8,063, FTSE MIB -1.07% at 44,713, IBEX 35 -1.34% at 17,429, PSI -1.14% at 8,464, SMI -0.68% at 13,174, AEX -0.16% at 991

16:27

Qiagen (QGEN) is said to weigh strategic options amid fresh interest

16:17

Bank of America (BAC) CEO says US consumer in the first couple weeks of January spent 7% more Y/Y

16:16

Gap (GAP) CEO says doing a good job mitigating tariffs - CNBC

16:06

French PM Lecornu uses constitutional powers to force the income part of the 2026 budget through the lower house without a vote

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

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.

Equities · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

EQUITIES/26 Aug · 12:56 UTC

States and Meta (META) and agree to settle claims that platforms harmed children, according to a court filing; Meta agrees to pay a maximum of USD 16.68bln to states as part of deal

Market, after we published+2.6%

EQUITIES/10 Sept · 20:10 UTC

Oracle (ORCL) Q1 2027 (USD): Adj. EPS 1.92 (exp. 1.73), Revenue 19.3bln (exp. 19.13bln).

Market, after we published+10.1%

EQUITIES/10 Sept · 11:52 UTC

Yemeni Houthis are on the verge of complete control over the Bab al-Mandab Strait with control over the city of "Al-Mukha", IRNA reports.

Equity indices, after we published−0.4%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.