Economic data released the same day to confirm the U.S. economic recovery efforts has been enhanced, 22, the three major New York stock market index rose slightly more than two years once again set a record close.
The day before the market opened, the Commerce Department data showed third quarter growth in U.S. gross domestic product released last month from 2.5% to 2.6% increase. Although this data is lower than the market expected, but still showed the U.S. economy recovery. The recent series of economic data are based on better than expected, many market investors that fourth-quarter economic growth will continue to accelerate.
In addition, according to the National Association of Realtors reported the same day, U.S. existing home sales in November increased by 5.6% qoq, the total annual rate to reach 4.68 million units, an increase is also lower than Wall Street expectations. However, some analysts have pointed out that this data is not optimistic about the market expectations, but enough to stop house prices falling, so the market still plays a supporting role.
More importantly, the current market fundamentals shrouded in a more optimistic atmosphere, investors in the U.S. economy next year, prospects for continued recovery, which is to promote the three major stock indexes in the high frequency end of the most important reason.
New York stock markets closed, the Dow Jones 30 industrial average index rose 26.33 the previous trading day points to close at 11,559.49 points, or 0.23%. Standard & Poor's 500 index rose 4.24 points to close at 1258.84 points, or 0.34%. The Nasdaq composite index rose 3.87 points to close at 2671.48 points, or 0.15%.
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