28-10-2016 18:47 via news.yahoo.com

Wall St. rises amid robust earnings, GDP data

The U.S. Commerce Department's first estimate on gross domestic product showed the U.S. economy grew at its fastest pace in two years. While the report supports the case for an interest rate hike, the Federal Reserve is unlikely to make a move at its meeting next week, as it falls just days ahead of the U.S. presidential election. Nearly 73 percent of the S&P 500 companies that have reported, have issued profits above Wall Street expectations, setting the stage for the benchmark index to pos
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