Dow Jones Today Slumps 25 Points Despite Second-Quarter GDP Report

The Dow Jones today projected a 25-point decline in pre-market hours following a report from the U.S. Commerce Department that announced Q2 GDP grew at a rate of 4.1%. The 4.1% figure is the fastest quarterly growth since July 2014.

Most analysts are questioning whether the rate of expansion is sustainable. The Trump administration has cut regulations, increased spending, and slashed taxes, all factors that contributed to Q2 growth. However, the U.S. government is locked in a major trade battle with China, one of its largest trading partners, and the U.S. Federal Reserve is reducing its balance sheet at a time that it plans to continue raising interest rates.

Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change Dow Jones 25527.07 112.97 0.44% Nasdaq 7852.18 -80.05 -1.01% S&P 500 2837.44 -8.63 -0.30%

Now here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.

Life-Changing Profit Potential: One tiny firm is rapidly developing the parts for a game-changing technology – and the gains from its stock, trading for less than $10, could turn every $1,000 invested into $4,719. Learn more…

Money Morning Insight of the Day

Earnings season is well underway. And if you’re looking to make real money, the time to get started is now. Money Morning Quantitative Specialist Chris Johnson argues the markets are at a tipping point. And with just a few smart plays in today’s classic stock picker’s market… you can pull in triple-digit gains with just a small investment. Read those picks right here.

The Top Stock Market Stories for Friday Energy prices are in focus thanks to earnings reports from Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX). Shares of XOM fell 4.0%, while CVX shares dropped 2.1%. Exxon

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