Economic Growth at Fastest 1Q Pace Since 2015

Diana Linn, account manager at Adviser Investments, has the market analysis for Friday, April 26. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes advanced, with both the S&P 500 and NASDAQ Composite once again reaching record highs. The Dow Jones Industrial Average and NASDAQ each gained 0.3% and the S&P rose 0.5% as investors reacted to strong earnings reports and economic growth data. The Bureau of Economic Analysis released a better-than-expected economic growth estimate (GDP) of 3.2% versus the 2.5% forecast, the highest first-quarter GDP gain since 2015. Meanwhile, Amazon’s stock advanced nearly 3% after the company beat earnings expectations and announced its one-day shipping upgrade for Prime customers.