The U.S. economy grew at an annualized rate of 3.8% in the second quarter, up from the previous estimate of 3.3%, the Bureau of Economic Analysis (BEA)<a href="https://www.bea.gov/?utm_source=chatgpt.com"> reported</a>. The revised pace was the fastest since the third quarter of 2023, Reuters<a href="https://www.reuters.com/business/us-second-quarter-gdp-growth-revised-sharply-higher-2025-09-25/"> calculated</a>. Analysts surveyed by the agency had expected no change. According to the Ministry of Trade, the main drivers for GDP were a reduction in the trade deficit amid a fall in imports and growth in consumer spending and business investment.

The U.S. economy grew at its fastest pace in nearly two years. How is Wall Street reacting?

By the end of August, the average duty rate on U.S. imports had reached its highest level since the height of the Great Depression in 1933

The economy has not yet felt the impact of US duties, the OECD said. When will the effect be felt?

The US authorities have improved their assessment of the country's economic growth in the second quarter, with the new result being better than what analysts had expected. The reason for positivity was the data on investment and consumer spending, as well as imports. Also this week, the US Fed's preferred inflation indicator, the Personal Consumption Expenditures Index, will be published.

Revised data on the US economy for the second quarter exceeded expectations

NVIDIA Corporation

Snowflake Inc.

CrowdStrike Holdings, Inc.

Pure Storage, Inc.

Kohl's Corporation

Photronics, Inc.

The J. M. Smucker Company

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: Nvidia results will determine the course of trading

Unexpectedly rapid growth in the Chinese economy in the second quarter was a rare positive story in a pessimistic year for the luxury industry. However, China's strong GDP data does not cancel out the structural risks holding back consumption in a country that accounts for a quarter of global luxury sales.