28-10-2016 20:23 via news.yahoo.com

Wall Street rises amid robust earnings, GDP data

Wall Street rose on Friday as robust economic data shone light on the strength of the U.S. economy, while upbeat results from Alphabet and Chevron offset the decline in health stocks and Amazon. 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
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