Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, May 26, 2005

The gross domestic product rate for the first quarter of 2005 was revised today, stating the rate at 3.5%. That's not bad considering the ups and downs the first quarter brought. What this number shows is that the economy is not as bad off as some were thinking. This number was three tenths higher than the government expected, and the market reacted well to the news. DOW up 79.80 @ 10,537.60 NASDAQ up 21.12 @ 2,071.24 S&P up 7.61 @ 1,197.62