Morningstar Morning Research Update Friday, Nov 30, 2012
Friday, 30 November 2012, 11:17 am Press Release: Morningstar
30-Nov-2012
Overseas Market
Report
Stocks ended higher this morning after an
upward revision in third-quarter GDP and continued hope for
a fiscal cliff deal despite House Speaker John Boehner's
comments that no "substantive progress" had been made.
The
US economy grew by 2.7% in the third-quarter according to a
new estimate form the Commerce Department, up from an
initial reading of 2.0%. The revision was mostly driven by
an increase in private inventories. After-tax corporate
profits were up 5.2% from the previous quarter and up 18.6%
year-over-year... Read More
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