NEW YORK: US stocks bolted to new records on Friday after the
Commerce Department reported that US economy grew much faster in the
third quarter than previously estimated.
The Dow Jones Industrial Average advanced 42.06 points (0.26 per cent) to finish at 16,221.14, a new record.
The
broad-market S&P 500 rose 8.72 (0.48 per cent) to 1,818.32, also a
new record, while the tech-rich Nasdaq Composite Index added 46.61 (1.15
per cent) at 4,104.74.
Analysts said investors were cheered after
the Commerce Department raised its estimate for third-quarter gross
domestic product growth to an annual rate of 4.1 per cent, from 3.6 per
cent.
India’s FirstCry set to withdraw $500m IPO papers after regulatory scrutiny
-
Indian retailer FirstCry is set to withdraw its papers for an up to $500
million IPO as early as next week after India’s markets regulator raised
questions...
1 hour ago
No comments:
Post a Comment