Wall Street wrapped up the month of July with strong gains buoyed by better-than-expected earnings, receding inflation pressure, rounds of upbeat economic data and hopes of a soft landing for a resilient U.S. economy. Improving economic indicators, such as strong job numbers, rising consumer spending and robust manufacturing activity, drove the stocks higher. Moreover, the picture emerging from the Q2 earnings season is one of continued resilience and strength, with an above-average proportion of companies not only beating estimates but also providing reassuring guidance for the coming periods.