Fri. Nov 27th, 2020

Wall Street hits record high after US GDP is revised up – business live

America’s economy grew faster than thought in July-September, despite the trade war with China


3.06pm GMT

A quick recap.

3.02pm GMT

Just in: US personal spending rose by 0.3% in October, in line with forecasts.

But pending home sales fell by -1.7%, much worse than the 0.2% rise expected. We learned yesterday that house prices were rising across US cities, but it appears that a shortage of properties is hurting.

Pending home sales fall 1.7% in October, as housing shortage worsens

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