Are you looking for a stock?

Try one of these

Related Videos

U.S. consumer critical for economic growth: S&P

Equity investors have been taken for a wild ride over the past few weeks, as events in both the Middle East and Japan have raised fears that the global economic recovery is at risk of faltering. But Michael Thompson, Managing Director at S&P Valuation & Risk Strategies, tells BNN the most important element of continued economic growth is the U.S. consumer. 

“Anything that could undermine the U.S. consumer is probably you’re biggest risk,” he says.  “You don’t want to have something rock the boat and change the trend of what’s going on with consumption in the United States.”

Thompson also says the companies that make up the S&P 500 are prime for making investments and expanding businesses.

“The S&P 500 has just under $1.1 trillion US in cash and cash equivalents on their balance sheets. So they’re really well-positioned to start making investments,” he says. CTV Two CTV News CTV News Channel BNN - Business News Network CP24