Dow hits historic high on strong Q3 GDP
Add BT as a preferred source
New York
AN unexpectedly strong report on economic growth pushed the Dow over 18,000 for the first time in its history, with the index reaching a high of 18,020.19 in early trading on Tuesday.
The final estimate of the US gross domestic product (GDP) for the third quarter was revised up to a 5 per cent annual pace, its quickest in 11 years, from 3.9 per cent reported last month, on stronger consumer and business spending, the government said.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
