The economic data helped mollify concerned investors whom are worried about slowing growth in a prolonged economic expansion.
The recent bout of anxiety coupled with the stalling trade talks have weighed on investment sentiment and paused the current stock market rally, with all three major U.S. indices up more than 10% so far this year and the Nasdaq Composite gaining for 10 consecutive weeks.
The market’s current unease may stem from a weekend report that the U.S. and China were in the final stages of completing a trade deal after months of bargaining but there may be a lack of enforcement, which has held up progress in the talks.
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