Business

S&P 500, Dow rise as economic growth picks up pace

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July 29 (Reuters) - The S&P 500 and the Dow indexes rose on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.

The Dow Jones Industrial Average (.DJI) rose 55.1 points, or 0.16%, at the open to 34985.99. The S&P 500 (.SPX) rose 2.9 points, or 0.07%, at the open to 4403.59​, while the Nasdaq Composite (.IXIC) rose 8.6 points, or 0.06%, to 14771.168 at the opening bell.

Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta

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