Weekly Financial Update - August 31, 2018

The S&P 500 Index and NASDAQ Composite Index touched new all-time highs last week, driven by positive NAFTA trade negotiations between the U.S. and Mexico and a rally in technology stocks. 

U.S. GDP, the value of every good and service produced domestically, grew at a revised 4.2% annual pace in the second quarter, up from the original reading of 4.1%. The revision was driven by higher government spending and business investment and is the fastest pace of growth in roughly four years. 

Read more about these developments including data from the July Personal Income and Outlays Report in our weekly financial market update.