Stocks hit all-time highs as US economy grows faster than expected on strong consumer spending, AI investments
1. US GDP grew 3.3%, exceeding estimates, signaling a robust economy. 2. S&P 500 reached an all-time high at 6,501.86 amid positive economic data. 3. Strong consumer spending and AI investments drove GDP growth. 4. Interest rate cuts may occur if growth slows in Q3 2025. 5. Annualized output revision adds $20 billion to economic estimates.