The Dow Jones Industrial Average, a U.S. market proxy of 30 blue chip names, breached the renowned 20,000.00 mark this week setting a new all time high and milestone.
The Commerce Department announced the preliminary measure of fourth quarter U.S. Gross Domestic Product (GDP) growth of 1.9% annual, seasonally adjusted. This growth measure falls well below the previous quarter spurt but remains in line with the 2.1% year over year average growth since the end of the great recession in 2009.
The U.K. released its first measure of fourth quarter GDP growth above expectation at an annualized 2.4%, led by services which accounts for roughly 80% of the economy.
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