Dubai: Better than expected growth data propelled stocks indices in the United States, the world’s largest economy, on Tuesday, extending gains from the previous sessions.
The Standard & Poor’s 500 climbed to hit a new record of 2,085.34, before trading 0.28 per cent higher at 2,084.34. The Dow Jones Industrial Average topped 18,000 points, and last traded at 18,012.84, up 0.30 per cent. US equities jumped 5 per cent in the previous three sessions.
US GDP surged by 5 per cent in the third quarter, expanding at the fastest pace since the same period of 2003, as US consumers and businesses spent more than previously estimated.
The S&P 500 index has gained 16 per cent so far in the year, while the Dow Jones Industrial Average has gained 12.8 per cent.More >>
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