GDP Hot and Stocks are Trading Sideways | Market Story
Treasury Yields Pare Earlier Declines After U.S. GDP Higher
Will the Fed have its "first cut in September" as the US Q2 economic growth rate exceeds expectations and inflation steadily cools down?
Unlikely in July.
US Q2 GDP Recap: The Economy Expanded by a Robust 2.8% Rate, Significantly Surpassing Expectations
Is Now a Good Time to Buy Bitcoin? What History Tells Investors
USA's Q2 economic growth rate exceeded expectations, and the Nasdaq opened slightly higher.
The three major US stock indexes have mixed trends, with the Nasdaq and S&P 500 index up 0.07%, and the Dow down 0.06%. The actual annualized quarterly growth rate for GDP in the second quarter of the United States was 2.8%, with an expected 2% and a previous value of 1.4%; the initial annualized quarterly growth rate for the core PCE price index was 2.9%, expected 2.7%, and previous value was 3.7%. The initial quarterly growth rate for actual personal consumption expenditures was 2.3%, the expected value was 2%, and the previous was 1.5%. IBM rose more than 2.4%, with Q2 revenue of $15.77 billion and an EPS of $2.43, both exceeding market expectations, while the AI business booking scale increased significantly. Ford Motor fell more than 13.4%,