The S&P 500 index has seen modest growth this year amid easing inflation and rising consumer spending. Against this backdrop, it could be wise to consider fundamentally strong S&P 500 stocks NVIDIA Corporation (NVDA), Howmet Aerospace Inc. (HWM), and Vistra Corp. (VST) emerging as the strongest performers.
During July, the US inflation rate was at 2.89%, compared to the higher 2.97% in June and 3.18% last year for the same period. Also, this rate is lower than the long-term average of 3.28%. Further, the U.S. consumer prices rose moderately in July at 0.2%, supported by the slowed annual increase in inflation, opening doors wider for the interest rates cut by the Fed.
