Consumer and business spending fuel economic growth despite high interest rates, with real consumer spending on services playing a significant role.

Tech giants like Nvidia, Alphabet, and Microsoft see minor declines, while Tesla bounces back from a significant slump.

Market volatility persists as concerns mount over over-stretched megacap stocks.

Durable Goods Orders in June show a mixed trend, with a notable decline overall but a rise when excluding transportation.

Inflation, though reduced from 9.1% in 2022 to 3% this year, remains elevated compared to pre-pandemic levels.

Moderation in inflationary pressure from GDP data could influence the Federal Reserve's monetary policy stance and market conditions.

The U.S. economy faces a slowdown due to higher borrowing rates following 11 interest rate hikes by the Fed in 2022 and 2023, aimed at curbing high inflation.

In the second quarter of 2020, the U.S. Gross Domestic Product (GDP) grew by 2.8% compared to the previous quarter.

There is a possibility of an interest rate cut in September due to cooling inflation and robust economic growth.

Recent GDP data indicates a positive economic trend, countering recession fears and worries about rising interest rates.

The Dow closes higher, the S&P 500 ends lower, and the Nasdaq declines amidst reactions to US economic growth data.

Despite a decline in Q1 profit, Ashok Leyland's stock surges by 4%.