US Economy Grows At Fastest Pace Since 2003

From CNN: Gross domestic product soared 5% on an annual basis in the third quarter, the government said on Tuesday.

To put that in perspective, it’s the strongest quarter of growth since 2003.

“Other than the first quarter’s weather-induced contraction, there’s no doubt the economy has been great this year,” said Dan Greenhaus, chief global strategist at BTIG.

Investors cheered the news, sending the stock market to record highs with the Dow crossing 18,000 for the first time ever.

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