Hurriyet Daily News |
Economy worsens and stocks surge
CBS News Particularly disappointing was the downward revision of consumer spending on services, suggesting that the payroll tax increase is taking a bigger toll on American families than previously thought. The reaction of the stock market? Happy days are here … Stocks Start Hot After Slashed Estimate Shows Q1 GDP Increased 1.8% US stocks leap as GDP offsets taper talk Stocks, bonds surge as US economy first quarter growth cut to 1.8% |