Breaking: Dow Jones Industrial Average hits 18,000 for the first time - @WSJ
Source:
Wall Street Journal / Reuters
@BreakingNews: RT @breakingmoney: Dow Jones Industrial Average hits 18,000 for the first time - @WSJbreakingnews
Dow Tops 18000 as Stocks Rise - WSJ
Dow breaks through 18,000 after GDP report
Tue Dec 23, 2014 9:46am EST
NEW YORK (Reuters) - U.S. stocks opened higher on Tuesday, with both the Dow and S&P 500 setting new intraday records after an unexpectedly strong report on economic growth.
The Dow Jones industrial average (.DJI) rose 54.55 points, or 0.3 percent, to 18,013.99, the S&P 500 (.SPX) gained 6.51 points, or 0.31 percent, to 2,085.05 and the Nasdaq Composite (.IXIC) added 10.58 points, or 0.22 percent, to 4,792.00.
Read more:
Dow tops 18,000, S&P hits new record after GDP
and,
U.S. third-quarter GDP growth revised to 5.0%, highest in 11 years - MarketWatch
U.S. third-quarter GDP growth revised to 5.0%, highest in 11 years
The U.S. economy grew at a 5.0% annual pace in the third quarter, matching the best performance since the third quarter of 2003. The increase in real gross domestic product was revised up from 3.9%, mainly because of consumer spending and business investment, the Commerce Department said Tuesday. Economists polled by MarketWatch had predicted GDP would be revised up to a seasonally adjusted 4.4%. Consumer spending, the main source of economic activity, was revised up to 3.2% from 2.2%. Spending on business fixed investment was revised up to 8.9% from 7.1%, while spending on equipment was raised to 11.0% from 10.7%. The rise in exports was also raised to % from 4.9%. The gain in business inventories was revised to $82.2 billion from $79.1 billion, a high level that could induce companies to scale back a little in the fourth quarter and perhaps impinge on growth. Inflation as measured by the PCE index was unchanged at a 1.5% annual rate.
So much than it would have been under reichtard Romney.
