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: Magnificent Seven
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday.
Read More AI frenzy puts Nvidia briefly ahead of Amazon in market valueBig investors say US markets rally could prove short-lived
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.
Read More Big investors say US markets rally could prove short-lived