US stocks advance

Wall Street rose for a second straight session today after the government’s latest gross domestic product reading showed the economy was in better shape than expected, easing concerns that growth was moderating too sharply. The Dow Jones industrials rose 90 points.

Investors were upbeat after a series of reports, including GDP, pointed to the likelihood of an economic soft landing after more than two years of interest rate hikes that ended in June. Major stock indexes held on to gains throughout the session even as oil prices moved to their highest levels in two months.