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Fed Cuts Bond Purchases by $10B; U.S. Economy Grew 4% in Q2

By: , dated July 30th, 2014
Stocks end mixed after the Fed announced that they will cut their monthly stimulus spending by an additional $10 billion. The Federal Reserve cited an improving economy and labor market as reasons to continue cutting the stimulus. The U.S. economy grew 4% in Q2, rebounding from the harsh winter weather in Q1. The U.S. posted better than expected growth during the second quarter after posting its worst performance in five years in the first quarter. Twitter’s (TWTR) shares were up 21% during trading today. Investors are now wondering how high Twitter’s shares could rise. This all comes on the cusp of Twitter releasing its plans to become as large as Facebook (FB).

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