Financial Review
Wild Ride
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:13:15
- More information
Informações:
Synopsis
….Dow hits a record, again. 3Q GDP at 3.3%. Yellen takes a curtain call. John Williams in Phoenix. Pending home sales jump. Cryto-currency crazy. SCOTUS and cellphone privacy. Wells Fargo, repeat offender. American Air, whoops. Financial Review by Sinclair Noe for 11-29-2017 DOW + 103 = 23,940 SPX – 0.97 = 2626 NAS – 88 = 6824 RUT + 29 = 1542 10 Y + .04 = 2.38% OIL – .72 = 57.39 GOLD – 10.00 = 1284.40 The Dow Industrials hit another record high, even as the Nasdaq suffered a sharp drop. The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated. Third quarter GDP grew at a 3.3% annualized rate (est. 3.2%), revised from 3%. The performance, achieved despite two devastating hurricanes, marked the fastest expansion in gross domestic product since a 5.2 percent annual spurt in the third quarter of 2014. Consumer spending, which accounts for about 70 percent of the economy, continues to