U.S. Q2 GDP beats expectations with 2.8% growth, Dow closes at record high
U.S. Commerce Department data shows Q2 GDP annualized qoq preliminary growth of 2.8%, above expected 2.5%, core PCE eased to 2.3%. All three major stock indexes rose, with Dow Jones breaking 42,000 points for the first time, hitting a record high. Analysts say the combination of economic resilience and slowing inflation provides support for stocks, but policy path needs attention.
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