NEW YORK — New stock market data and trading data released Monday showed gains in stocks, currencies and commodities in the aftermath of the global financial crisis, but also suggested a continued downward spiral in consumer spending as investors try to get back on their feet.
The Dow Jones Industrial Average surged nearly 11 percent to 17,834.28, the S&P 500 rose nearly 2 percent to 2,566.94 and the Nasdaq composite index rose almost 1 percent to 6,927.84.
In the 12-month period through July 26, the Dow Jones index climbed a whopping 16.3 percent, while the S.&.
P. gained a mere 3.3 percentage points.
The Nasdaq, meanwhile, rose anemic 0.2 percent, or 0.3%, from its record high on Aug. 4.
Investors are still struggling to recover from the financial crisis and its aftermath.
The U.S. economy, meanwhile , is still far from fully recovered.
The unemployment rate remains stubbornly high, with many Americans still unemployed, and many others are struggling with low-wage jobs that require years of schooling and a high school diploma.
The financial crisis also left a deep scar on the U.K. economy.
While the British economy has seen its share of GDP shrink from a peak of 16.7 percent in 2008 to 11.6 percent in 2012, the U,S.
and European economies still account for more than 70 percent of the U-K.
gross domestic product, which is roughly the size of New York City.
The U.N. Economic Commission said last week that the economic crisis has “damaged” the recovery and is likely to lead to another recession.
At the same time, consumer spending is surging as the Federal Reserve tries to push up interest rates and reduce borrowing costs.
While some analysts expect the Fed to raise interest rates this year, many economists, including the Federal Open Market Committee, have warned against doing so and instead to keep rates at a level that keeps inflation on track.
But the data suggest that consumers are getting back on track, said Robert Litan, chief economist at BMO Capital Markets.
“It is possible the economy is growing,” he said.
Litan added that the economy “has recovered somewhat from the economic slowdown and has been growing more slowly than it might have otherwise.”
“The Fed should be able to get the economy back on its feet,” he added.
Analysts are cautious about how much of the recovery will continue, and the economy could still face more trouble than expected in coming months.
The Dow Jones industrial average gained 11.3 points, or 3.6%, to 21,068.86, while shares of the S & P 500 gained 8.2 points, up 1.5%, to 3,938.03.
The Nasdaq Composite, which measures the performance of the 500-stock index, rose 2.2, or 1.6% to 5,895.97.