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What is Market Recap: Stocks Surge After GDP Boost about?

- The US stock market indexes rose on Friday recovering from losses the previous day, boosted by stronger than expected GDP growth in Q2 of 4.6% and positive earnings reports. The S&P 500 rose 0.86% and the Dow Jones Industrial Average rose 0.99%. - The US dollar continued to strengthen, reaching 4-year highs and pressuring commodities prices like gold and oil. Bond prices fell slightly after news that "Bond King" Bill Gross was leaving PIMCO for Janus Capital. - By sector, technology, consumer discretion

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TheHammerstoneReport

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