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Barchart
Barchart
Rich Asplund

Stocks Push Higher on US Economic Strength

The S&P 500 Index ($SPX) (SPY) today is up +0.48%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.95%.

Stocks today are moderately higher after the US Q2 GDP was revised higher due to an upward revision of consumer spending, showing that the economy is holding up despite high interest rates.  Also, price pressures eased as the Q2 core PCE price index was revised lower.

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