U.S. stocks opened higher Thursday, as investors digested economic data that included a stronger-than-expected estimate on gross-domestic-product growth in...
U.S. stocks opened higher Thursday, as investors digested economic data that included a stronger-than-expected estimate on gross-domestic-product growth in the second quarter. The Dow Jones Industrial Average DJIA, +0.09% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.71% climbed 0.7% and the Nasdaq Composite COMP, +1.29% rallied 1.3%, according to FactSet data, at last check.
U.S. GDP rose at an annual rate of 2.4% during the second quarter, according to an estimate released Thursday by the Commerce Department. That’s stronger than the 2% GDP growth forecast by economists polled by The Wall Street Journal. Meanwhile, the Labor Department said Thursday that jobless claims in the week ended July 22 fell by 7,000 to 221,000.
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