• Shares rose on Thursday after second quarter GDP was revised upward. 
• Large banks on Wall Road handed their annual stress checks, dialing again fears of extra banking turmoil.
• The Dow gained greater than 200 factors. The S&P 500 edged larger whereas the Nasdaq was practically flat. 

Shares ended largely larger on Thursday on upbeat financial information and optimistic outcomes of the most recent financial institution stress checks from the Federal Reserve.

The Dow Jones Industrial Common gained greater than 200 factors, whereas whe S&P 500 and Nasdaq Composite traded practically flat.

Merchants have been inspired by a revision to second quarter US GDP, which got here in at 2%, up from unique estimates of 1.4%. The newest figures have bolstered traders’ confidence within the economic system, which has held up regardless of the Fed’s aggressive financial coverage over the previous yr. 

In the meantime, huge lenders on Wall Road handed their annual stress checks from the Federal Reserve, resulting in a rally in financial institution shares. Shares of Financial institution of America and JPMorgan rose about 3% by means of the course of the day. Wells Fargo shares ended the day practically 5% larger.

This is the place US indexes stood on the 4:00 p.m. ET shut on Thursday:

This is what else is occurring: 

In commodities, bonds, and crypto: