Thursday, July 26, U.S. markets ended lower, with Dow Jones breaking its longest winning streak after gains for 13 consecutive sessions.
The U.S. economy grew by an annualized 2.4% (QoQ) in Q2, compared to 2% in the prior period and higher than market estimates of 1.8%.
Stocks could be heading to a higher open on Thursday, as traders digest some positive earnings reports and look ahead to another batch of economic data.
Wednesday, July 26, the U.S. markets closed mixed after the Federal Reserve hiked interest rates by 25 basis points, taking rates to a target range of 5.25% to 5.5%.
On Tuesday, July 25, the U.S. markets closed higher, with the Dow Jones maintaining its winning streak. Feds Interest rate decision awaited, with most market participants expecting a 25 basis-point rate hike.
On Monday, July 24, the U.S. markets ended in green, with Dow Jones continuing its winning streak for the eleventh day, ahead of a week filled with earnings reports and a Federal Reserve meeting.
The Dow Jones Industrial Average closed higher by 0.52% at 35,411.24 on Monday; the S&P 500 closed 0.40% higher at 4,554.64; and the Nasdaq Composite rose 0.19% to 14,058.87.