US Stocks Rebound on Resilient Economy, Nvidia Sinks
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US stocks rebounded as data showed the economy expanded at a faster-than-expected pace in the second quarter, with the broad advance overshadowing a pullback from Nvidia Corp. after it delivered an underwhelming forecast.
The technology-heavy Nasdaq 100 Index was up 0.8% as of 9:41 a.m. in New York. The S&P 500 was 0.4% higher, paring a drop in the previous session during the run up to Nvidia’s report.