U.S. Stocks Rally After Microsoft Earnings

U.S. stocks rallied, with the Nasdaq jumping 2.8%, as Microsoft's robust earnings report restored momentum to the artificial-intelligence boom.

U.S. Economic Growth Slowed to 1.5% in Second Quarter

U.S. gross domestic product rose at a 1.5% annual rate in the second quarter, falling short of economists' expectations.

Fed's Preferred Inflation Index Cooled but Remained Elevated in June