S&P 500 Rises as US Q2 GDP Growth Hits 1.5%

The S&P 500 index climbed nearly 1.1% above its previous week's close, reaching a value of 7,489.72 by the end of the trading week on July 31, 2026. This upward movement occurred despite mixed returns from major technology stocks.

Economic data released during the period showed a slight discrepancy in growth projections. The Bureau of Economic Analysis issued a first estimate for annualized real GDP growth during the second quarter of 2026 at 1.5%. This figure was lower than the 1.7% final estimate previously provided by the Federal Reserve Bank of Atlanta's GDPNow tool for the same period.