Market Snapshot: S&P 500, Dow book highest close in 7 weeks as investors shrug off weak GDP number

by | Jul 28, 2022 | Stock Market

U.S. stocks fished higher on Thursday, with large-cap benchmark S&P 500 and Dow Jones Industrial Average booking their highest close in roughly seven weeks as investors digested second-quarter GDP data, a flurry of corporate earnings reports and the latest interest rate-hike from the Federal Reserve.How did stocks do?
The Dow Jones Industrial Average
DJIA,
+1.03%
gained 332.04 points, or 1.0%, to close at 32,529.63.

The S&P 500 index
SPX,
+1.21%
rose 48.82 points, or 1.2%, finishing at 4,072.43.

The Nasdaq Composite
COMP,
+1.08%
gained 130.17 points, or 1.1 …

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