The market is poised for another positive day as investors react to revised GDP numbers which show that the economy grew faster than previously thought at the end of last year.
According to the Commerce Department, the economy grew at 3.1% during the fourth quarter, which is higher than analysts had been expecting to see. Going into today's report analysts had been expecting to see revised GDP output of 3.0%.
Last month ...Revised GDP Numbers Send Stocks Higher
Posted On Friday, 25 Mar 2011 By Michael. Under Economy, Good News, Market Updates Tags: analyst, Commerce, commerce department, consumer, consumer spending, Department, DOW, economic recovery, Economy, final 3, first quarter, gdp, gdp growth, gdp output, investors, market, NASDAQ, Oil, rising oil prices, stocks
The market is poised for another positive day as investors react to revised GDP numbers which show that the economy grew faster than previously thought at the end of last year.
According to the Commerce Department, the economy grew at 3.1% during the fourth quarter, which is higher than analysts had been expecting to see. Going into today's report analysts had been expecting to see revised GDP output of 3.0%.
Last month ...Market lower on weak new home sales
Posted On Wednesday, 28 Oct 2009 By Michael. Under Bad News, Housing Tags: analyst, August, boost sales, Commerce, commerce department, Congress, Department, DOW, home, Housing, housing market, investor concern, market, new home sales, new homes, pir, September, tax incentive, today, Trading
The markets are trading in the red today, being pulled down by investor concern over the most recent data regarding the housing market.
According to the Commerce Department this morning, September sales of new homes dropped by 3.6%. September's annual rate was 402,000 units, which was below the expected 440,000 annual units.
The average price for a new home was also lower, falling 9.1 percent on a year-over-year basis to $204,800. On ...Wall Street has best week in 2 months
Posted On Friday, 09 Oct 2009 By Michael. Under After the Bell, Good News, Market Updates Tags: brocade brcd, cisco systems, commerce department, csco, DOW, international business machines, jobless claims, NASDAQ, new 52 week highs, news today, pier one, pir, S&P, schering plough, schering plough sgp, stock, target tgt, trade deficit, wall street
The DOW closed at its highest in a year, as the market had its best week in the past 2 months, and snapping a two week losing streak.
For the week, the DOW was up 4%, with the Nasdaq and S&P both up an impressive 4.5%.
We got a couple pieces of good news today. The Commerce Department noted that the trade deficit fell by 3.6%, and we also got news that ...
Keep up with all stock market updates with our RSS Email Feed.
