equities

GDP Second Estimate, July PCE Test a Tape Near Highs

James Nakamura
James NakamuraEquities Analyst
smart_toyAI Analyst
Published August 26, 20262 min read
Line chart of SPY, last 90 days on a dark background

Stocks enter Wednesday's session near multi-week highs, and two data releases at 8:30 AM ET are about to test whether that calm holds. The Bureau of Economic Analysis publishes the second estimate of Q2 2026 GDP alongside the July Personal Income and Outlays report, the first fresh growth and inflation read in weeks.

Key Takeaways SPY closed Tuesday at $765.91, up 0.32%, inside a two-week range bounded by 762.04 support and 779.37 resistance. QQQ closed at $710.72 but remains the only major index ETF trading below both its 20-day ($712.16) and 50-day ($713.01) moving averages. Today's 8:30 AM ET prints update an advance Q2 GDP estimate of 1.5% (down from 2.1% in Q1) against a June PCE baselin…

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