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Stocks up as US GDP improves

SPX News by Newsroom on 10:53 November 29, 2017 EST

The second reading for US GDP in the third quarter beat expectations as it was announced on Wednesday by one-tenth of a percent at +3.3% annualized.

Expectations remain firm for the final quarter of the year, with the Atlanta Fed GDPNow forecasting a +3.4% pace of growth.

All major indices are consolidating yesterday's gains. Standard and Poors 500 is setting new highs at 2,632.

The US Dollar rebound is on day three as investor wait for news on the tax reform legislation out of Washington, D.C.