Brendan McDermid/Reuters
- US stocks climbed Thursday, with the Dow on pace for a 14-day winning streak.
- Second-quarter GDP beat expectations, growing at a 2.4% annualized rate.
- Markets are in the green following the Fed's 25 basis-point rate hike Wednesday.
US stocks opened Thursday in the green as investors digested another rate hike from the Federal Reserve, better-than-expected GDP numbers for the second quarter, and prospects of a historic win-streak for the Dow Jones Industrial Average.
On Wednesday, policymakers announced a 25 basis-point rate hike, bringing the federal funds rate to a range of 5.25%-5.5% range. According to CME's FedWatch Tool, traders largely expect this to be the final adjustment of the year.