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Dow Gains Over 300 Points; US GDP Growth Revised Lower In Q4
Benzinga· 2026-03-13 13:44
Market Performance - U.S. stocks traded higher, with the Dow Jones gaining over 300 points, up 0.68% to 46,995.67, NASDAQ rose 0.40% to 22,401.88, and S&P 500 increased by 0.50% to 6,706.16 [1] - Utilities shares rose by 1.3%, while energy stocks fell by 0.4% on the same day [1] Economic Growth - U.S. economic growth slowed sharply in Q4 2025, with GDP expanding at an annualized rate of 0.7%, revised down from an initial estimate of 1.4%, marking a significant deceleration from 4.4% growth in Q3 [2] Commodity Prices - In commodity news, oil prices decreased by 1.7% to $94.11, gold fell by 0.2% to $5,118.00, silver dropped 1.1% to $84.150, and copper declined by 0.8% to $5.8210 [3] European Market Performance - European shares were higher, with the eurozone's STOXX 600 rising 0.3%, Spain's IBEX 35 Index up 0.6%, London's FTSE 100 increasing by 0.3%, Germany's DAX gaining 0.3%, and France's CAC 40 rising 0.1% [4] Asian Market Performance - Asian markets closed lower, with Japan's Nikkei 225 down 1.16%, Hong Kong's Hang Seng index falling 0.98%, China's Shanghai Composite slipping 0.82%, and India's BSE Sensex dipping 1.93% [5]
XRT ETF: Americans Keep Spending, $1 Trillion Holiday Season Incoming
Seeking Alpha· 2025-11-10 16:10
Group 1 - The National Retail Federation anticipates that U.S. holiday sales will exceed $1 trillion for the first time, with an expected increase of 3.7% to 4.2% compared to the previous year [1] - Despite a sluggish consumer environment, household spending remains a key driver of U.S. GDP growth [1] Group 2 - The article emphasizes the importance of household spending over the performance of major tech companies, referred to as the "Magnificent Seven" [1] - The projected growth in holiday sales indicates resilience in consumer spending, which is crucial for economic stability [1]