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What GDP Growth And The Stock Market Surge Mean — And Don't Mean

Published August 1, 2017 at 1:06 PM EDT
Traders work on the floor of the New York stock Exchange (NYSE) on July 26, 2017 in New York City. The Dow Jones industrial average rose over 90 points as Boeing and other companies posted strong earnings and the Federal Reserve has decided to leave rates unchanged. (Spencer Platt/Getty Images)
Traders work on the floor of the New York stock Exchange (NYSE) on July 26, 2017 in New York City. The Dow Jones industrial average rose over 90 points as Boeing and other companies posted strong earnings and the Federal Reserve has decided to leave rates unchanged. (Spencer Platt/Getty Images)

The U.S. economy grew at an annual rate of 2.6 percent in the second quarter, but it fell short of the 2.8 percent gain analysts predicted. Meanwhile, the Dow Jones industrial average is approaching another milestone — 22,000.

Here & Now‘s Jeremy Hobson talks with MSNBC’s Ali Velshi (@AliVelshi) about what the stock market surge and GDP growth indicate about the economy.

Copyright 2021 NPR. To see more, visit https://www.npr.org.