GDP Growth Rate

The U.S. dollar pushed higher as traders reacted to stronger-than-expected economic growth and mixed income and spending figures. Major currency pairs remained technically sensitive, with EUR/USD testing support, GBP/USD probing resistance, USD/CAD extending gains and USD/JPY capped below a key moving average.

The S&P 500 moved higher as traders weighed stronger economic data, resilient spending, and a softer-than-expected PCE reading against another jump in Treasury yields. Tech and communication services led gains, while the Dow Jones came under pressure from weaker consumer and healthcare demand.

The U.S. dollar strengthened as traders reacted to hotter-than-expected PCE inflation and firmer U.S. income and spending data. EUR/USD and GBP/USD retreated, while USD/CAD and USD/JPY gained as rate expectations and Treasury yields supported the greenback.