In economic news, the third-quarter gross domestic product grew by 2.7 percent, less than the 3.4 percent growth rate expected by a survey of economists conducted by CBS MarketWatch.com. It compares to the 5.6-percent increase in the third-quarter of 2000 and the 4.8-percent rise in the first quarter. View Economic Preview, economic calendar and forecasts and historical economic data.
The futures markets lost some ground following the GDP release but remained comfortably higher. December S&P 500 futures rose 7.60 points, or 0.7 percent, and were trading roughly 3.30 points above fair value, according to figures provided by HL Camp & Co. Nasdaq futures, in the meantime, put on 47.50 points, or 1.5 percent.
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