US Economy Posts 5% Growth Rate; Dow Breaks 18,000 Point Mark

By: , dated December 23rd, 2014

After an announcement by the Commerce Department that the U.S. economy grew at a 5.0% annual rate in the 3rd quarter, Dow and S&P 500 respond by trading up. The Dow Jones Industrial Average rose 76 points, or 0.4%, to record-breaking 18,036 points. The S&P 500 index rose 5 points, or 0.2%. Health-care stocks were among the very few to post losses, down 2.1%. News of the strong economic growth causes a ripple effect throughout the market also resulting in higher oil gains and better US dollar performance.

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