Wall Street News

Wall Street News

You can scroll the shelf using and keys

U.S. Stocks rise today on improving economic data

August 29, 2013

Wall Street rises on economy, but Syria concerns limit gains




Today – Thursday 29th 2013

  • U.S. stocks closed modestly higher on Thursday as the economy showed signs of improvement, stocks rose after data showed that the U.S. economy EXPANDED 2.5% from April to August. Analysts originally predicted 1.7% increase but the 2.5% increase passed the expectations, thus bringing confidence into the market and pushing it higher.
  • Another reason U.S. stocks rose was because U.S. jobless claims fell last week to 331,000. Which exceeded analyst estimates.
  • The Dow Jones industrial average (^DJI) was up 16.36 points, or 0.11 percent, at 14,840.87. The Standard & Poor’s 500 Index (^GSPC) was up 3.21 points, or 0.20 percent, at 1,638.17. The Nasdaq Composite Index (^IXIC) was up 26.95 points, or 0.75 percent, at 3,620.30.

What do you think?

Please keep your comments polite and on-topic.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: