Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech maulingTag: CME FedWatch Tool
Wall Street retreats with data, Fed comments in focus
Wall Street’s main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week.
Read More Wall Street retreats with data, Fed comments in focusS&P 500, Nasdaq choppy as higher bond yields weigh
U.S. stocks recorded weekly losses on Friday as traders scaled back expectations on the timing of rate cuts.
Read More S&P 500, Nasdaq choppy as higher bond yields weigh