a big lady named kamala harris is going to tell everyone about her plans for the country. people are excited to hear what she is going to say because it could help decide how the country will be doing in the future. if her plans are good, then a lot of people will be happy and the value of their stocks will go up. if her plans are not so good, then the value of their stocks might go down. that is why everyone is watching and waiting for her big announcement. Read from source...
neutral
### JOSH:
This article seems to be a summary of market news, rather than an in-depth analysis of a specific company or industry. The sentiment of the article is neutral as it provides information about the market, without expressing a particular bullish or bearish outlook.
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### Alternative headline:
Wall Street looks to build on the rally as expectations of a soft landing continue to gain ground
### Introduction:
US stocks strive to keep their winning streak alive as Kamala Harris prepares to unveil her economic policy. Analysts predict that 'risk-on' sentiment will persist until this event.
### Key Points:
- Wall Street appears to be on track to build on gains as expectations of a continued moderation in inflation and soft-landing gain ground.
- Index futures point to a modestly higher open on Friday as the S&P 500 and Nasdaq Composite indices look to extend their six-day winning run.
- The market could draw cues from Kamala Harris' speech, as traders assess the implications of the policy proposals for various sectors and stocks.
- The major averages gapped higher and saw a steady rise until the afternoon before going about a consolidation move for the rest of the session.
- All but two of the 11 S&P sectors advanced, led by consumer discretionary and IT stocks, while defensive utility and real estate stocks moved to the downside.
### Upcoming Economic Data:
- The Commerce Department is scheduled to release the housing start and building permits report for July at 8:30 a.m. EDT.
- The University of Michigan is set to release the results of its preliminary consumer sentiment survey at 10 a.m. EDT.
### Stocks in Focus:
- Applied Materials, Inc. (MAT) fell nearly 3% in premarket trading following the chip equipment maker's quarterly results.
- H&R Block, Inc. (HRB) climbed over 9.5% on earnings.
- Flowers Foods, Inc. (FLO) rose nearly 6% ahead of its earnings.
### Market Outlook:
- Analysts predict that the market rally may have further legs, with Fund Strat Head Of Research Tom Lee stating that "a good July Core CPI tilts 'risk-on' at least until Jackson Hole (8/22-8/24)."
- Fund manager Louis Navellier is also positive about the market trajectory, stating that "Market momentum is alive and well."
- Data reinforces the resilience of consumers and the labor market, the fund manager said.
### Conclusion:
US stocks appear to be on track for further gains, with the market outlook remaining positive. Investors will be closely watching Kamala Harris' speech for clues on the direction of the US economy.