Stock Market Today: Stocks Close Mixed After Fed Stress Tests, GDP

The Dow outperformed Thursday on strength in blue-chip bank stocks JPMorgan Chase and Goldman Sachs.

stock market chart with teal bars
(Image credit: Getty Images)

Stocks closed mostly higher Thursday after the latest round of economic data eased recession worries and financial shares jumped following the results of the Federal Reserve's annual stress test. 

On the economic front, the final reading on gross domestic product (GDP) showed the U.S. economy grew at a 2% annualized pace in the first quarter, up from the previous reading of 1.3%. "The updated estimates primarily reflected upward revisions to exports and consumer spending that were partly offset by downward revisions to non-residential fixed investment and federal government spending," the report from the Bureau of Economic Analysis stated.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.