Stocks Rally in Late Trading; Dow Recovers 60 Points


0  Updated at 3:13 pm, December 20th, 2012 By: ABC Digital
Share This Story

Hemera/Thinkstock(NEW YORK) — The stock market alternated between declines and gains all session before calling it a day on the plus side.
The Dow closed up 60 points, or 0.5 percent, at 13,311.72. The Nasdaq gained six points, and closed at 3,050.39. The S&P added eight points to close at 1,443.69.
First-time jobless claims rose last week by 17,000, reversing four weeks of declines. The less volatile four-week average fell by 14,000.
Sales of existing homes jumped by almost six percent in November to the highest number in years. It’s the latest sign that the housing market — one of the economic sectors hit hardest by the recession — is truly on the mend.  
The Commerce Department says the nation’s economy grew at a stronger annual rate in the latest quarter than estimated a month ago.  The Gross Domestic Product has been revised to 3.1 percent for the third quarter.
Copyright 2012 ABC News Radio

Stories You May Be Interested In:

Those who love all things yarn connect in east Idaho

17 Sep 2017

Carrie Snider,

Construction begins on I-15 interchange project

18 Sep 2017

Shelbie Harris, Idaho State Journal

New home furnishing store coming to Ammon area

11 Sep 2017

Paul Menser, Bizmojo Idaho

Leave a Reply

Your email address will not be published. Required fields are marked *