The Atlanta Fed tracker of gross domestic product points to a strong rebound for the second quarter after the slowest quarter in three years. The GDPNow model forecasts 4.3% growth. That would be the strongest growth since the 5% gain in the third quarter of 2014. The U.S. grew just 0.7% in the first quarter, the Commerce Department said last week.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News