"Dow Jones Soars as Strong GDP and Fed Data Awaited; GM's Buyback and Dividend Hike Propel Surge"

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Source: Investor's Business Daily
"Dow Jones Soars as Strong GDP and Fed Data Awaited; GM's Buyback and Dividend Hike Propel Surge"
Photo: Investor's Business Daily
TL;DR Summary

Stocks rise after a stronger-than-expected third-quarter GDP reading, with the Dow Jones Industrial Average increasing. General Motors surges after announcing an accelerated share buyback program and a dividend increase. The Federal Reserve's Beige Book, which provides anecdotal evidence on economic conditions, is up next. Key earnings movers include CrowdStrike, Dollar Tree, Foot Locker, Intuit, NetApp, Splunk, and Workday. Oil prices rebound and Treasury yields tick lower.

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