On August 15, 2024, the U.S. stock market experienced a robust rally as better-than-expected retail data and a drop in initial jobless claims to their lowest levels since early July sparked renewed optimism. The economic data painted a picture of controlled inflation and a relatively stable economy, encouraging the market's recovery. The S&P 500 index rose 1.61% to 5543.22 points, the Nasdaq surged 2.34% to 17594.5 points,...