— Lee Ying Shan, Sarah MinReal gross domestic product increased 2.1% at an annualized pace in the second quarter, according to a third and final estimateThursday. That was unchanged from the previous reading but below the Dow Jones estimate for 2.2%.
However, the government revised its previous readings on GDP, cutting first quarter growth for each of the years from 2020 to 2022. The new readings, respectively, are -5.3%, 5.2% and -2%, compared to the previous -4.6%, 6.3% and -1.6%.. That was below the estimate for 214,000. Continuing claims rose to 1.67 million, up 12,000 and slightly below the FactSet estimate for 1.675 million.More than two stocks at the New York Stock Exchange rose for every decliner Thursday, as Wall Street tried to recoup some of September's steep losses. Overall, 1,976 NYSE-listed stocks were higher, while 719 fell.
Bullish sentiment is below its historical average for the sixth week in seven, and has dropped by 14.4 percentage points in just the past three weeks.
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Source: CNBC - 🏆 12. / 72 Read more »