The SPDR S&P 500 ETF Trust traded higher by 2.1 percent on Thursday after the Commerce Department said U.S. GDP declined 1.4 percent in the first quarter.
What Happened
U.S. GDP declined 1.4 percent in the first quarter, falling well short of consensus economist estimates of 1 percent growth.Investors initially reacted positively to the news ahead of a critical Federal Reserve interest rate decision next week.
