New data shows US economy on track to grow at 'encouragingly solid pace'

Given the optimistic economic growth reported, sectors that typically benefit from consumer spending such as retail and consumer discretionary may see positive momentum. Additionally, broader market trends might favor growth-oriented stocks and ETFs that focus on high-growth sectors.

Financial sector companies may also be poised to benefit from a growing economy, as higher growth can lead to increased lending and investment activities. Companies within this sector could see positive stock performance.