Stock market news live updates: Stocks advance despite negative GDP data


U.S. stocks rose sharply Thursday even as new data showed economic activity contracted for the second-straight quarter in Q2. The benchmark S&P 500 index climbed 1.2%, bringing total gains for the index in the two days immediately following the Federal Reserve’s rate increase to roughly 3.8% — its best rally ever after a hike, going…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Lumber Futures – May 30, 2023
Export log prices in New Zealand hit lowest level in nearly a year
Wildfires proving to be a wildcard for the lumber market: Madison’s
Time for mass timber and prefab? B.C. eyes changes to ‘bias’ in building code
Low supply stifles pending home sales