US STOCKS-Dow tops 18,000, S&P hits new record after GDP

martes 23 de diciembre de 2014 12:11 GYT

* Q3 GDP revised up to 5 percent annual pace

* Durable goods orders fall short of expectations

* Consumer sentiment rises, new home sales fall

* Indexes: Dow up 0.46 pct, S&P up 0.18 pct, Nasdaq off 0.28 (Adds UMich, new home sales)

By Chuck Mikolajczak

NEW YORK, Dec 23 (Reuters) - U.S. stocks advanced on Tuesday, as the Dow climbed above the 18,000 mark for the first time in history and the S&P 500 set a new intraday record after an unexpectedly strong report on economic growth.

The gains pushed the Dow as high as 18,051.14, and the index is now up about 175 percent from a 12-year low hit on March 9, 2009.

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, on stronger consumer and business spending, easily topping expectations calling for a 4.3 percent pace.

"What was most interesting about that is if you dig in the details the primary surprise came from consumption," said Scott Keifer, global investment specialist at JP Morgan Private Bank in Orange County, California. "You are going to see the consumer spending number continue to inch up and get better and better as we continue on in this expansion."   Continuación...