US stocks gained modestly on the quietest trading day of the ...
US stocks gained modestly on the quietest trading day of the year Monday as investors awaited a Federal Reserve meeting that may see the central bank take firmer action to support the sputtering recovery.
The US stocks managed to gain throughout the mid-day session as on one hand the world's largest economy had its second quarter final reading of its GDP showing an unexpected contraction of -0.7% which was better than the market forecasts and the prior contraction of -1.0%, whereas on the other hand gains by the technology and commodity producers supported accordingly the rise of overall shares.