Shares of manufacturing and transportation companies ticked up after the first reading of second-quarter economic growth was relatively strong. Gross domestic product, a broad measure of goods and services produced in the U.S., rose at a 2.6% annual rate in the April to June period, the Commerce Department said. While short of some economist targets, the rate was a significant acceleration from the 1.2% reported for the first quarter of the year. Economists are debating whether the structural changes in the U.S. economy -- including the super-annuated work force -- will make a return to the 3% historical average run rate impossible in the short term.
-Rob Curran, firstname.lastname@example.org
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(END) Dow Jones Newswires
July 28, 2017 16:31 ET (20:31 GMT)