U.S. stocks up after recieving BAD NEWS? The reason is because….

dowwedU.S. stocks up after recieving BAD NEWS? The reason is because….

Summary:

  • U.S. stocks rose sharply Wednesday as investors bet the weak GDP reading would keep the Fed’s stimulus going. Investors know that they need the Fed’s stimulus going in order for the market to be up, they’re heavily reliant on it.
  • The first quarter the economy grew 1.8%, economists were expecting that it would’ve been 2.4%, which led to weak economic data.
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Categories: Capital Markets

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