Stocks Rally After GDP Report

Hopes that the Federal Reserve will not raise interest rates again sparked buying amid news that the economy slowed more than expected in the second quarter

Stocks pushed higher on Friday after a report indicated the U.S. economy grew at a slower-than-expected pace in the second quarter. The news heightened speculation the Federal Reserve will not raise rates at its Aug. 8 meeting. Investors were also digesting a fresh batch of corporate earnings reports.

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