Sat. Sep 26th, 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

Earlier:

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 https://t.co/iRA4oyMXDu

Continue reading…America’s economy grew faster than thought in July-September, despite the trade war with ChinaLatest: Another day, another Dow record highUS growth revised up to 2.1% (annualised)Earlier:John Deere profit warningEuropean stocks at four-year highChinese factory profits plunge 9.9%Worst monthly slide since 2011 (apart from Jan-Feb) 3.06pm GMTA quick recap. 3.02pm GMTJust 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 https://t.co/iRA4oyMXDu Continue reading…

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