Stock Market Today: Stocks Wave Off Recession Worries
Stocks posted solid gains for a second straight day on Thursday, even as preliminary data showed the U.S. economy contracted 0.9% in the second quarter.
The latest report from the Commerce Department marks back-to-back quarterly declines in gross domestic product (GDP), and sparked a whirlwind of recession chatter on Wall Street.
"Two consecutive quarters of negative GDP meets our humble definition of a recession," says Dan Eye, chief investment officer at financial advisory firm Fort Pitt Capital
