Monthly Archives: July 2022
Stocks Rally on Poor GDP Data
Written on July 29, 2022 at 9:52 am, by pugdm
Market Focus US stocks rallied on Thursday, preserving their bullish momentum and climbing to a seven-week high as investors paring their bets on the Fed’s aggressive rate hikes amid the weak economic data. The US Gross Domestic Product (GDP) in Q2 showed that the economy has entered a technical recession after contracting by 0.9%. However,Continue Reading
