clear
Tuesday July 28th, 2015 1:50PM

Stocks rise after strong US economic growth

By The Associated Press
NEW YORK (AP) -- Stocks are closing higher on Wall Street after the U.S. raised its estimate for economic growth in the third quarter.

The Dow Jones industrial average rose 42 points, or 0.3 percent, to 16,221 Friday. It's up 3 percent for the week.

The Standard & Poor's 500 index gained eight points, 0.5 percent, to 1,818. The Nasdaq composite rose 46 points, or 1.2 percent, to 4,104.

Small-company stocks surged. The Russell 2000 jumped 21 points, 1.9 percent, to 1,146.

The economy grew 4.1 percent from July through September, the fastest pace since late 2011, the government reported.

Red Hat jumped 15 percent after the software company's earnings rose nearly 50 percent, beating Wall Street's expectations.

BlackBerry soared 15 percent after the company said it would outsource its hardware business.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 1 year ago )
U.S. News
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 1 year ago )
Amtrak to suspend some Crescent service in Jan., Feb.
Amtrak service will shut down in parts of the Southeast for several days in January and February for rail maintenance by Norfolk Southern Railway.
9:00AM ( 1 year ago )
Lung cancer scans urged for some smokers, not all
Certain current or former heavy smokers should start getting yearly scans for lung cancer to cut their risk of death from the nation's top cancer killer, government advisers said Monday - even as they stressed that the tests aren't for everyone.
7:26AM ( 1 year ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 1 year ago )
Local/State News
Strong home sales, limited supply lift US home prices in May
WASHINGTON (AP) — U.S. home prices rose steadily in May, pushed higher by a healthy increase in sales this year.The Standard & Poor's/Case-Shiller 20-city home price index climbed 4.9 percent in May f...
12:05PM ( 1 hour ago )
Correction: San Francisco-Soda Warning story
SAN FRANCISCO (AP) — In a story July 26 about a lawsuit against San Francisco by the American Beverage Association, The Associated Press reported erroneously where the city's health warning labels wou...
10:30AM ( 3 hours ago )
UPS 2Q profit beats Street as overseas business improves
ATLANTA (AP) — Overseas business helped UPS during its second quarter, as did the absence of a hefty charge recorded a year ago.The package-delivery company earned $1.23 billion, or $1.35 per share, f...
9:06AM ( 4 hours ago )
Bobby Brown 'completely numb' after death of daughter
ATLANTA (AP) — R&B singer Bobby Brown said Monday that his daughter, Bobbi Kristina Brown, was "an angel" and that the family must find a way to honor her memory.Bobbi Kristina, the daughter of singer...
12:41AM ( 13 hours ago )
Obama calls GOP criticism of Iran deal 'ridiculous,' 'sad'
ADDIS ABABA, Ethiopia (AP) — President Barack Obama unleashed a blistering and belittling rebuke of Republican White House hopefuls Monday, calling their attack on his landmark nuclear deal with Iran...
10:52PM ( 14 hours ago )