Major US equity indices edged higher during the opening hour of trade on Friday as investors cheered stellar US GDP growth figures. According to the advance report, the US economy is estimated to have expanded at 4.1% annualized pace in the second quarter of 2018, marking its fastest pace of growth in almost four years. This coupled with Amazon’s robust earnings report, posting its biggest quarterly profit in history, remained supportive of the positive mood during the opening hour of trade. The positive factors, to some extent, were offset by below estimate results from a pair of energy heavyweight stocks – Exxon Mobil and Chevron, which seemed to keep a lid on any strong follow-through. Nevertheless, the Dow Jones Industrial Average and the broader S&P 500 Index were looking at gains of anywhere between nearly 2% to 1.5% for the week, while tech-heavy Nasdaq Composite Index lagged behind with weekly rise of around 0.5%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: UoM’s Consumer Sentiment Index improves to 97.9 in July’s final reading from 97.1 FX Street 5 years Major US equity indices edged higher during the opening hour of trade on Friday as investors cheered stellar US GDP growth figures. According to the advance report, the US economy is estimated to have expanded at 4.1% annualized pace in the second quarter of 2018, marking its fastest pace of growth in almost four years. This coupled with Amazon's robust earnings report, posting its biggest quarterly profit in history, remained supportive of the positive mood during the opening hour of trade. The positive factors, to some extent, were offset by below estimate results from a pair of energy… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
