Stocks spent Thursday rebounding from their worst selloff since October, helped by some upbeat earnings news and analyst upgrades, as well as increasing confidence that tomorrow's reading on inflation will bolster the case for additional interest rate cuts in 2024.
On the economic front, the third estimate of gross domestic product (GDP) was revised lower to a 4.9% annualized rate in the third quarter, the Commerce Department's Bureau of Economic Analysis said. GDP was thought to have grown at a 5.2% annualized pace in Q3.
