U.S. Stocks Advance After Stronger GDP Data Amid Global Rally
- Dow industrials post best back-to-back gain since 2008
- Sudden paring in equities shows markets still vulnerable
Does GDP Growth Move the Fed Back to a September Hike?
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The Standard & Poor’s 500 Index posted the biggest two-day surge since 2009 as a relief rally swept across global markets and the economy grew stronger than expected in the second quarter.
U.S. stocks briefly pared gains in late-afternoon trading, trimming an advance of as much as 2.5 percent in the S&P 500 to less than 0.5 percent before resuming its climb, indicating markets are still vulnerable to violent swings.