Similar Stories to Hopes High For Strong Day On Wall Street After Us Gdp Growth Revised Up on Bing News

Economy grew at a 3.7% rate in second quarter to beat forecasts and raise expectations for another bounce-back after days of market turmoilThe US economy picked up pace in the second quarter and beat economists’ estimates as businesses ramped up investment, helping fuel a second-day bounce-back for Wall Street’s battered financial markets.Gross domestic product (GDP), the broadest measure of goods and services produced across the economy, expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, the Commerce Department said on Thursday, up from the initial estimate of 2.3% growth.

Topics:  wall street s   gdp   commerce department   day   growth   quarter   economy   rate   economists   beat   bounce-back   
BING NEWS:
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  • Wall Street at record high after US inflation falls to 3.4%; takeover offer for Royal Mail raised – as it happened
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