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.
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