U.S. Economy Grew 4.1% in 3Q; BlackBerry Reports a $4.4 Billion Loss

Stocks jumped up today after reports were released that showed that the U.S. economy grew approximately 4.1% in the third quarter. This growth rate was well above what the Commerce Department predicted which was 3.6%. It was also reported that the Dow Jones experienced its best week since January. Just the day after Target (TGT) confirmed that they experienced a huge breach, many potential victims are expressing their frustrations through any outlet available. This theft is considered the second largest credit card breach in U.S. history.
The U.S. unemployment rate fell to 7.0% in November, with North Dakota reporting the lowest rate of 2.6%. The problems for BlackBerry (BBRY) continue as they reported today that they loss $4.4 billion in the third quarter.

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Published on Dec 20, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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