Dow hits historic high on strong Q3 GDP
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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.
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