Economy in U.S. Expands 4.2%, More Than Previously Forecast

Economy in U.S. Expands 4.2%, More Than Previously Forecast

Jim R. Bounds/Bloomberg

The improvement has carried over into the second half withcompanies such as General Electric Co. seeing more orders forequipment and a strengthening job market underpinning consumerspending, which accounts for about 70 percent of the economy.