GDP Comes in Stronger For Second Straight Quarter

Third quarter Gross Domestic Product (GDP) came in better than expected, with at 3.5 percent gain beating an expecting increase of 3 percent. Combined with last quarter's strong reading of 4.6 percent, this marks the best 6 month gain in GDP in over a decade. With lower gasoline prices and an improving jobs picture, any economist are looking for the recent strength in GDP to continue to be fueled by increased consumer demand, which has shown signs of life in recent months. Consumer confidence numbers reached a seven year high this month. S&P 500 futures, which had been lower by 12 points, rallied on the GDP news, now trading lower by 3.50.