The market is little changed even as U.S. gross domestic product contracts for a second time — and more in Thursday’s stock market recap.
GDP came in at -0.9%, following the previous quarter’s -1.6%. GDP falling for the second straight quarter sends a strong signal that we’re in or heading into a recession.
This news follows the Federal Reserve’s second consecutive 0.75% interest rate hike, announced at the conclusion of its two-day meeting on Wednesday.
Earnings season also continues, with Facebook parent company Meta reporting after the bell Wednesday. The company’s metaverse and virtual reality unit lost $2.8 billion in the second quarter, with more losses expected in the third.
Meanwhile, investors are anticipating reports from Amazon and Apple after the bell on Thursday.
In this morning’s stock market recap video, I’ll reveal Apple and Amazon earnings previews and what to expect… how GDP data and the bond market work together… the top sector to watch right now… whether energy is making a comeback or is a dead cat bounce… what to watch in the next few sessions… plus my top ETF and an option pick for you!
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He thinks it could be a major asset for folks looking to survive — and even thrive — in 2022 and beyond.
Lance is revealing all the details at 11 a.m. EDT TODAY, Thursday, July 28. To get more details on his incredible indicator…
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