S&P 500 on track for best week of 2024, consumer sentiment rises: Yahoo Finance

US equities (^GSPC, ^DJI, ^IXIC) are on the rise following better-than-expected consumer sentiment data, with the S&P 500 (^GSPC) up nearly 4% for the week, putting in on track for its best week since November 2023. The preliminary August read on consumer sentiment came in at 67.8, up from 66.4 in July, bolstering notions from Wall Street that the market is headed for a soft landing scenario, with the expectation that the Federal Reserve will cut interest rates in September.

Trending Tickers on Yahoo Finance include Rocket Lab USA (RKLB), Palantir Technologies (PLTR), and Applied Materials (AMAT).

Top guests today include:

3:05 PM: Jill Carey Hall, BofA Securities Senior US Equity Strategist and Head of US SMID-Cap Strategy
3:15 PM: Betsey Stevenson, University of Michigan Professor of Public Policy and Economics
3:30 PM: Tom Hayes, Great Hill Capital Chairman and Managing Member
4:00 PM: Ed Clissold, Ned Davis Research Chief U.S. Strategist
4:30 PM: Michael J. Wolf, Founder and CEO of Activate Inc.