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12-20-2013, 10:35 PM
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Markets have taken off today after a big GDP report (http://www.businessinsider.com/us-gdp-q3-2013-12) this morning.
The Dow is up almost 90 points and the S&P 500 is about 12 points higher.
According to the BEA's third and final estimate, third quarter U.S. GDP grew 4.1% (http://www.businessinsider.com/us-gdp-q3-2013-12) at an annualized rate. Eco**mists were looking for a 3.6% print. Personal consumption growth also grew to 2.0% from the previous 1.4% estimate.
Even real final sales growth, often heralded as a more important figure, was revised up to 2.5% (http://www.businessinsider.com/real-final-sales-revised-to-25-2013-12) from last month's tepid estimate of 1.9%.
SEE ALSO: GDP GROWTH SURGES TO 4.1% (http://www.businessinsider.com/us-gdp-q3-2013-12)
Join the conversation about this story » (http://www.businessinsider.com/market-rally-after-gdp-report-2013-12#comments)
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أكثر... (http://feedproxy.google.com/~r/businessinsider/~3/4ERd9ZdYvkc/market-rally-after-gdp-report-2013-12)
Markets have taken off today after a big GDP report (http://www.businessinsider.com/us-gdp-q3-2013-12) this morning.
The Dow is up almost 90 points and the S&P 500 is about 12 points higher.
According to the BEA's third and final estimate, third quarter U.S. GDP grew 4.1% (http://www.businessinsider.com/us-gdp-q3-2013-12) at an annualized rate. Eco**mists were looking for a 3.6% print. Personal consumption growth also grew to 2.0% from the previous 1.4% estimate.
Even real final sales growth, often heralded as a more important figure, was revised up to 2.5% (http://www.businessinsider.com/real-final-sales-revised-to-25-2013-12) from last month's tepid estimate of 1.9%.
SEE ALSO: GDP GROWTH SURGES TO 4.1% (http://www.businessinsider.com/us-gdp-q3-2013-12)
Join the conversation about this story » (http://www.businessinsider.com/market-rally-after-gdp-report-2013-12#comments)
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