Wall Street Surges as Economic Data Crushes Expectations

U.S. Stocks Rally as Economy Surprises with Strong Growth

U.S. stocks are experiencing a rise in value due to better-than-expected economic growth. The S&P 500 is on track to set a record for the fifth consecutive day, while the Dow Jones Industrial Average and the Nasdaq composite are also showing gains. IBM’s strong performance is driving the market higher, as its quarterly profit exceeded analysts’ expectations. However, Tesla’s disappointing earnings and revenue are dampening the overall market sentiment. The main focus for investors, though, is on the positive economic growth report, which indicates that the U.S. economy continues to thrive.