Stocks hit all-time highs after data revealed the US economy grew faster than expected during the latest quarter, boosted by strong consumer spending and big investments in artificial intelligence that eased concerns about the effects of Trump’s tariffs.

US gross domestic product – which measures spending on goods and services – expanded at a 3.3% annual pace from April through June. That was above an initial 3% estimate and a sharp rebound from the 0.5% drop in the first quarter, the Commerce Department said Thursday.

Net exports added nearly 5 percentage points to the GDP – the most on record after trade tensions had weighed on the figure earlier this year. 3

“With GDP running at 3.3%, the economy appears to be on all cylinders, and it should be a boost of confidence to markets t

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