U.S. stock markets hit new record highs, second quarter GDP rises
Lola Evans
The U.S. economy is back at its pre-pandemic level, but for how long?.
The Commerce Department reported GDP rose at a 6.5% annualized pace in the second quarter.
Wall Street rallied, with the Standard and Poor's 500 and Dow Jones hitting new record highs.
NEW YORK, New York - The U.S. economy is back at its pre-pandemic level, but for how long? U.S. investors believe it's back permanently, as stocks took off on Thursday.
The Commerce Department reported GDP rose at a 6.5% annualized pace in the second quarter, however, this was well below analysts' forecasts for 8.40 percent.