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Market Update : 
U.S. Economy Expands 3.4% in Q2
Author: Elena Todorova
123jump.com
Last Update: 9:21 AM EDT July 27 2007



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U.S. stock futures were pointing lower Friday, despite data showing better-than-expected gross domestic product and a drop in core inflation in Q2. The Commerce Department said that the U.S. economy was strong in Q2 as the drag from the housing sector lessened. GDP advanced 3.4%, slightly higher than the 3.3% growth expected by economists.

 

 

 

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