NEW YORK ( TheStreet) -- The S&P 500 has been attempting to rally after U.S. growth data indicated that the economy expanded at a rate of 2.5% during the second quarter -- more than double the rate posted during the previous three months. This result was well above the 1.7% that was initially expected by the market consensus, and the positive news is being taken alongside the reduced possibility of military actions in Syria.With emerging markets in freefall and the potential reductions in Fed stimulus programs in the next few weeks, bullish investors have taken every available opportunity to capitalize on evidence of reduced uncertainty.
Why Rallies in S&P 500 Are Falling Short
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