Monday, 23 December 2013

U.S.MARKET UPDATE

U.S. stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating.

Gross domestic product grew at an annual rate of 4.1 percent in the third quarter, the fastest pace in almost two years, and exceeding the 3.6 percent reported earlier this month. Business spending was also stronger than previously estimated.

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