$NVIDIA (NVDA.US)$U.S. economy grew at a 2.8% pace in the se...

$NVIDIA(NVDA.US)$ U.S. economy grew at a 2.8% pace in the second quarter, much more than expected.
. Real gross domestic product increased at a 2.8% annualized pace in the second quarter, above the 2.1% forecast.
. The personal consumption expenditures price index, a key measure for the Fed, rose 2.6% for the quarter, down from the 3.4% move in Q1. Core PCE prices were up 2.9%, down from 3.7%.
. However, the report also indicated that the personal savings rate continues to decelerate, at 3.5% for the quarter, compared with 3.8% in Q1.
. Initial jobless claims declined by 10,000, while durable goods orders unexpectedly plunged