The main U.S. equity indexes bounced off their intraday lows Thursday, but extended their respective losing streaks to three. The short-term trend continued despite incoming data showing both consumers and businesses remain resilient drivers of economic growth.
The Bureau of Economic Analysis said before the opening bell that its final estimate of second-quarter gross domestic product showed the U.S. economy grew by 3.8% from April to June, faster than the 3.3% it saw in the second reading.
