Markets were mixed as GDP data came in better than expected, the Federal Reserve’s latest monetary policy decision had no surprises, and the situations in Gaza and Ukraine remained unsettled. First, the scoreboard: Dow: 16,883.28, -28.8, (-0.2%) S&P 500: 1,970.90, +1, (+0.05%) Nasdaq: 4,465.23, +22.4, (0.5%) And now, the top stories on Wednesday: 1. The Bureau of Economic Analysis released its initial estimate for second quarter GDP, which showed that the economy expanded 4% on an annualized basis during the quarter. First quarter GDP was also revised up to contracting 2.1%, better than the 2.9% contraction that the last reading …read more
Source: Business Insider
