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Wall Street bounces on better than expected US GDP

FXstreet.com (San Francisco) – The US stocks market closed higher on Thursday but away from session highs,. The second positive day was possible as investors’ confidence was fueled by better than expected US GDP and Jobless claims and a calmer situation in the Syrian front.

Jobless report posted strong figures in the last week adding the hopes on strong Non Farm payrolls in August. Good news means higher possibilities of the Fed starting its QE tapering in September. So market’s gains were limited.

Results above estimates from the US GDP Annualized during the second quarter and decent reading from the weekly …read more