Positive GDP report triggers the stock markets up
Stock market ends higher after better than expected data and tax-reform talk
US stock market indexes closed higher Wednesday, with the benchmark S&P 500 posting gains after a pair of strong economic reports.
Wednesday's advance was marked by bouts of volatility triggered by ongoing tensions between the US and North Korea. Markets also watched President Donald Trump speech on tax reform in Springfield, Mo. Trump called for an easy to understand tax code that would create jobs and higher wages.
The US economy expanded at a 3% pace in the second quarter, a faster pace than had originally been reported, and the fastest rate in more than two years. Separately, ADP indicated that private-sector employers added 237,000 jobs in August.
US stock market indexes closed higher Wednesday, with the benchmark S&P 500 posting gains after a pair of strong economic reports.
Wednesday's advance was marked by bouts of volatility triggered by ongoing tensions between the US and North Korea. Markets also watched President Donald Trump speech on tax reform in Springfield, Mo. Trump called for an easy to understand tax code that would create jobs and higher wages.
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The US economy expanded at a 3% pace in the second quarter, a faster pace than had originally been reported, and the fastest rate in more than two years. Separately, ADP indicated that private-sector employers added 237,000 jobs in August.
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