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Stocks opened modestly higher on Wednesday after data showedthe U.S. economy gained momentum in the second quarter andprivate-sector employers added more jobs than expected. Grossdomestic product grew at an annualized rate of 1.7 percent inthe second quarter, exceeding the forecast for growth at a 1percent pace. Payrolls processor ADP reported thatprivate-sector employers added 200,000 jobs in July - anencouraging sign ahead of the U.S. Labor Department's release onFriday of the nonfarm payrolls data for July.
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 Author: Hiram
Date: 5/24/2019 |
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