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20 Dec 2013
Wall Street rallies amid economic outlook optimism
FXstreet.com (San Francisco) - US stocks climbed fiercely on Friday as the US economy is growing faster-than-projected in the Q3 2013. The US third quarter GDP was upwardly revised to 4.1% versus 3.6% previously estimated. Wall Street finally got a Santa’s rally with most of the indexes' components posting gains on Friday.
The Dow and the S&P closed at historic highs while the Nasdaq finish at a fresh 13-year high. The DJIA and the Dow posted biggest weekly gain in over 5 months. Major indexes have turned positive in the month.
The DJIA advanced 42.06 points or 0.26% to finish at 16,221.14; the Dow rallied 2.96% in the week. The S&P 500 added 8.71 pots or 0.48% to close the day at 1,818.31; the index climbed 2.42% in the weekly basis.
The Nasdaq rallied 46.61 pts or 1.15% to finish the week at 4,104.74. The Composite jumped 2.59% in the last 5 days.
The Dow and the S&P closed at historic highs while the Nasdaq finish at a fresh 13-year high. The DJIA and the Dow posted biggest weekly gain in over 5 months. Major indexes have turned positive in the month.
The DJIA advanced 42.06 points or 0.26% to finish at 16,221.14; the Dow rallied 2.96% in the week. The S&P 500 added 8.71 pots or 0.48% to close the day at 1,818.31; the index climbed 2.42% in the weekly basis.
The Nasdaq rallied 46.61 pts or 1.15% to finish the week at 4,104.74. The Composite jumped 2.59% in the last 5 days.