The S&P 500 fluctuated throughout the day as investors digested a series of economic reports offering conflicting signals about the strength of the economy. Early gains were erased following the release of weaker-than-expected manufacturing data, raising concerns about a potential slowdown in economic growth.

However, the market partially recovered later in the session after a separate report showed a surprising increase in consumer spending, suggesting that consumer demand remains resilient. This mixed data environment has created uncertainty among investors, leading to increased trading volatility and a lack of clear direction in the market.

Analysts suggest that the S&P 500’s movements reflect the ongoing debate about the future path of interest rates and the overall health of the economy. The market is expected to remain sensitive to economic data releases in the coming weeks as investors attempt to gain a clearer understanding of the economic outlook.