Industrials Flat After Strong Economic Data - Industrials Roundup
30 November 2016 - 8:59AM
Dow Jones News
Shares of manufacturing and transportation companies were flat
after strong economic data. The Commerce Department said a key
measure of business earnings rose 3.5% from the second quarter, its
third straight quarterly increase. The same report showed that the
Commerce Department's third-quarter gross-domestic product growth
estimate was revised higher to 3.2% from 2.9%. While the data
suggests strong manufacturing activity in the third quarter, it
could also increase the odds of imminent rate hikes.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
November 29, 2016 16:44 ET (21:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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