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Nasdaq Surges Over 100 Points; US Economy Expands Faster Than Expected

Benzinga ·  Nov 29, 2023 09:48

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.13% to 35,461.86 while the NASDAQ rose 0.88% to 14,406.93. The S&P 500 also rose, gaining, 0.57% to 4,580.99.

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Leading and Lagging Sectors

Real estate shares rose by 1.2% on Wednesday.

In trading on Wednesday, consumer staples shares fell by 0.2%.

Top Headline

The US economy grew an annualized 5.2% in the third quarter, compared to 4.9% in the preliminary estimate, and higher than market estimates...

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