Dow jumps 526 points as earnings beat from Nike and upbeat sentiment data show resilience of the consumer

Dec 21 2022 by Business Insider

 

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US stocks surged on Wednesday after data showed a resilient consumer heading into 2023.Consumer confidence rose to its highest level since April, according to data from the Conference Board.Nike soared 13% after it said footwear and apparel sales rose 25% and 4% in the quarter, respectively.

US stocks jumped more than 1% on Wednesday after sentiment data showed consumer confidence is at its highest level since April, according to the Conference Board.  

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