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US economy shows strong growth with rising consumer spending and business investment despite high gas prices

Market News
28 Oct 2026, 01:36 WIB
Fox Business
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Bullish
US economy shows strong growth with rising consumer spending and business investment despite high gas prices

Despite high gasoline and diesel prices, the US economy is experiencing robust growth with consumer spending up 3.4-3.8% annually and same-store sales rising nearly 10%. Business investment in machinery and factories is booming, with capital expenditures growing over 15%, the highest since the 1980s. The labor market remains strong with unemployment near 4%, over a million new jobs created recently, and manufacturing jobs increasing. Additionally, productivity and corporate profits are rising, supporting a bullish stock market and attracting foreign investment, highlighting the US as a global economic leader.

The economic boom described by Larry Kudlow is presented here with Pluang's market snapshot as of Oct 28, 2026 03:31 WIB: Among 150 priced US stocks, 87 rose and 62 fell. JetBlue Airways Corporation (JBLU) surged 18.99% to USD 2.82 with balanced buy-sell orders, SoFi Technologies Inc (SOFI) gained 13.52% to USD 16.42 despite more sell orders, while Boeing Co (BA) dropped 10.73% to USD 168.11 but saw strong buy interest and the longest typical hold time of 84 days on Pluang.

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