"This was a market that was overbought and it was vulnerable to something pulling it back," said Quincy Krosby, chief market strategist at Prudential Financial. "That said, we're in the heaviest part of earnings season this week and we expect to see the majority of the reports coming out to be positive. That could be the catalyst to have buyers come in."
"It was good news to see a positive number coming out of the world's second-largest economy," said Quincy Krosby, market strategist at Prudential Financial. "It was the strongest GDP reading in six quarters, and much of it was based on their infrastructure spending and also the housing market."