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Topic: U.S. Gross Domestic Product

Market Update: Strong Quarter Ends Weakly, Unanswered Questions Linger for End of Year


Frazier AllenThe stock markets have rallied nicely from the start of summer, recently hitting levels not seen since December 2007. Unprecedented steps taken by central bankers in the U.S. and across the globe have sent investors to the equity markets, and the results have been impressive.

The Dow Jones Industrial Average climbed 4.3% to finish the quarter at 13,437. The S&P 500 surged 5.8% to close the quarter at 1,441. But the Nasdaq enjoyed the biggest climb, advancing 6.2% to end the third quarter at 3,116. The energy, consumer discretionary, technology and telecommunications, and finance sectors led the charge, while utilities was the only major sector to lose ground. «Read the rest of this article»

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Volatile October Ends Five-Month Down Trend


Raymond JamesClarksville, TN – October was a volatile month in the markets. The beginning of the month saw stocks move higher on mostly upbeat third-quarter earnings reports, eased recession fears and optimism on progress toward resolving the European debt crisis.

Toward the end of the month, U.S. stocks again rallied on news of a Greek debt deal that expanded the region’s bailout fund and on news that U.S. gross domestic product grew faster than in the previous period. «Read the rest of this article»

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