Wall Street nears record high on upbeat earnings, GDP data

Stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showedThe Commerce Department said GDP increased at a 2.1 percent annualized rate in the second quarter, higher than a 1.8 percent rate economists had forecast.

"We expected bad earnings and bad GDP numbers, but an upside on both is something markets are going to embrace today." Twitter jumped 8.3 percent after it posted better-than-expected second-quarter revenue and an uptick in daily users who see advertisements on the site.

When it crashes it's going to be very bad!

Must have been Obama’s doing, Trump only does bad stuff,right?

GDP data? What...slowed growth? 2.1 is DOWN from last quarter

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Source: BusinessInsider - 🏆 729. / 51 Read more »