JeeYeon Park is a writer for CNBC.com.
The U.S. economy contracted at a slower-than-expected pace in the second quarter according to the GDP data on Friday, but a sharp drop in consumer spending fanned fears that recovery would be sluggish. Economists Dick Berner at Morgan Stanley and Robert Barbera of ITG told investors what to expect for the following quarter.
Stocks gained after it was reported that US Q2 GDP shrank less than expected and news that the Obama administration isn't suspending its "cash for clunkers" program. In the meantime, a Chicago group said manufacturing activity had picked up in the region in July, and in fact, was its best reading since September. Read and listen to what the experts had to say...
Some investors remain skeptical about the market rally despite its strong performance in the last few weeks. Anthony Chan, chief economist at JP Morgan’s Private Wealth Management and Bruce McCain, chief investment strategist at Key Private Bank told investors why they should still be investing in equities.
Markets have rallied in the last several weeks so how should you position your portfolio? Bill Spiropoulos, CEO of CoreStates Capital Advisors and Bob Auer, portfolio manager of Auer Growth Fund shared their best investment strategies with investors.