Relief Rally Spreads Across Markets as Dollar Gains on U.S. GDP

Updated on
  • GDP report helps S&P 500 cap best two-day gain since 2009
  • Sudden paring in U.S. stocks shows markets still vulnerable

Is This Rally for Real or Temporary?

A relief rally swept around the globe, with the Dow Jones Industrial Average capping its biggest two-day gain since 2008 and Chinese shares snapping a five-day tumble. Oil jumped the most in more than six years after data showed the U.S. economy grew more than forecast in the second quarter.

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