US STOCKS-Wall St poised to open higher after strong GDP report

martes 23 de diciembre de 2014 10:07 GYT
 

* Q3 GDP revised up to 5 percent annual pace

* Durable goods orders fall short of expectations

* UMich, new home sales on tap

* Futures up: Dow 75 pts, S&P 9.25 pts, Nasdaq 14.5 pts (Adds quote, data)

By Chuck Mikolajczak

NEW YORK, Dec 23 (Reuters) - U.S. stocks were poised for a higher open on Tuesday, putting the Dow and S&P 500 on track to extend a four-day rally after an unexpectedly strong report on economic growth.

The final estimate of the U.S. gross domestic product for the third quarter was revised up to a 5 percent annual pace, its quickest in 11 years, from the 3.9 percent reported last month on a stronger consumer and business spending, the government said.

The report easily topped expectations calling for a 4.3 percent pace.

"That is a solid number, that is really what you want to see, you want to see it in demand," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.   Continuación...