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Economic Surprise Lifts Wall Street

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Economic Surprise Lifts Wall Street
AIRED:
Wall Street is now two-for-two as the U.S. economy surprises to the upside. Gains were modest though as investors wait for clarity on how the West will deal with Syria. As for the economy, second-quarter growth was revised to a stronger-than-expected 2-1/2 percent, which was double the rate of growth at the start of the year. Stronger exports, inventory restocking, and strength from the housing sector offsetting a continued pullback in government spending and slower consumer activity.moreless
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