U.S. Economy Surpasses Q2 Expectations with 2.8% Growth; Market Trends Shift
Sectors & Industries
July 29, 2024
U.S. GDP grew 2.8% in Q2, beating forecasts. Inflation remained stable, with core PCE rising 2.6% annually. A rotation saw small-cap stocks outperform large caps, and value equities outpaced growth stocks.
The S&P 500 and NASDAQ experienced their second consecutive weekly decline, while the Dow recorded a fourth straight weekly gain.
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