US Economy Grew At Fastest Pace in Two Years… Final Q3 GDP +3.5%, vs 3.2% Estimate
http://www.cnbc.com/2016/12/22/final-reading-on-us-q3-gross-domestic-product-was-up-35-vs-32-prior-estimate.html
The Morning Look
Market Update: Stock futures are slightly lower before Thursday’s open as investors wait for a flurry of economic data to be released, including the final read on Q3 GDP. Gary’s Thoughts: Uber removed self driving cars from San Fran. Good! We despise the idea of self driving cars…because computers cannot react like people. Futures flat…
The Closing Look
On Wednesday, stocks were very quiet as the Dow Jones Industrial Average hovered just below 20k. Healthcare stocks lagged and oil turned negative after a surprise build in stockpiles. Economic data was very light, existing home sales for November, hit 5.61 million units, beating estimates for 5.535 million. Year-over-year, existing home sales swelled by 15.4%. A…
Euro zone lenders confident on quick solution on Greek debt spat: source
http://www.reuters.com/article/us-eurozone-greece-debt-idUSKBN14A21Q
Nokia sues Apple for infringing patents, industry back on war footing
http://www.reuters.com/article/us-nokia-corp-apple-patent-idUSKBN14A228
Thursday’s Pre-Market Look: Stocks In The News Before The Open
Finish Line (FINL) was downgraded to ‘Hold’ from ‘Buy’ at Canaccord Genuity. Akamai Technologies (AKAM) was rated a new ‘Buy’ at Guggenheim Securities with a 12-month target price of $75. Microsoft (MSFT) was rated a new ‘Overweight’ at Piper Jaffray with a price target of $80. Cubic (CUB) was initiated with a ‘Buy’ at Drexel…
The world’s largest lottery is now worth $2.4 billion
http://www.cnbc.com/2016/12/22/el-gordo-is-right-spain-has-worlds-largest-lottery-worth-24-billion.html
EU reprimands ex-commissioner Kroes, recoups cash
http://www.reuters.com/article/us-eu-ethics-kroes-idUSKBN14A1L1
Viacom unit head overseeing MTV, Comedy Central to leave
http://www.reuters.com/article/us-viacom-executives-herzog-idUSKBN14A20E
U.S. existing home sales rise to near 10-year high
http://www.reuters.com/article/us-usa-economy-housing-idUSKBN14A1LD