STOCKS | Goldman Sachs Says Capital Spending Is Powering the Bull Market

US stocks capped their best quarter in six years on a strong note, with chipmakers extending a rebound from war-driven lows and data signaling economic resilience, according to Bloomberg. The rally added more than $8 trillion to the S&P 500’s market value over the past three months as fresh figures pointed to strength in the labor market and consumer sentiment, supporting confidence in corporate earnings. Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer said major economies are seeing a broad-based increase in capital spending “for the first time in really a generation,” a trend he said is helping underpin the current bull market.