• U.S. stocks clock gains as Robinhood's IPO sinks

  U.S. stocks rallied across the board as the S&P 500 and Dow Jones Industrial Average narrowly missed fresh record highs. Materials and financials led the top performing sectors, as communication stocks lagged. Investors discounted a 6.5% rise in 2Q GDP, the first advance, which fell short of 8.5% estimates.

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