US STOCKS-Dow, S&P hit record after GDP data

martes 23 de diciembre de 2014 10:49 GYT

* Q3 GDP revised up to 5 percent annual pace

* Durable goods orders fall short of expectations

* UMich, new home sales on tap (3Adds quote, data)

By Chuck Mikolajczak

NEW YORK, Dec 23 (Reuters) - U.S. stocks advanced on Tuesday, with both the Dow and S&P 500 building on a four-day rally to set new intraday records after an unexpectedly strong report on economic growth.

The gains pushed the Dow over 18,000 for the first time in its history, with the index reaching a high of 18,020.19.

The final estimate of the U.S. gross domestic product (GDP) for the third quarter was revised up to a 5 percent annual pace, its quickest in 11 years, from 3.9 percent reported last month, on 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...