U.S. Stocks Add to Monthly Gain as Alphabet Rallies on Earnings

  • S&P 500 caps 5th monthly climb, longest streak since 2014
  • GDP rose 1.2 percent in second quarter, less than forecast

U.S. Stocks on Track to Post Monthly Gains

U.S. stocks edged higher, with the S&P 500 Index capping a fifth monthly gain, after data showing the American economy grew slower than forecast last quarter gave the Federal Reserve no reason to accelerate its time table for higher interest rates. Earnings from Alphabet Inc. boosted technology shares.

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