Five minutes into trade, the Dow Jones Industrial Average stood
Washington - AFP
Wall Street stocks opened higher Tuesday after the Commerce Department unexpectedly raised its estimate for third-quarter US economic growth.
Five minutes into trade, the Dow Jones Industrial Average stood at 17,841.09, up 23.19 points (0.13 percent).
The broad-based S&P 500 gained 3.56 (0.17 percent) to 2,072.97, while the tech-rich Nasdaq Composite Index jumped 56.40 (1.20 percent) to 4,769.37.
The economy grew at a 3.9 percent annual pace in the July-September quarter, stronger than the initial estimate of 3.5 percent as business investment and consumer spending picked up. Analysts had expected the initial estimate to be revised downward..
Tuesday's gains added to records Monday on both the Dow and