3rd-quarter economic growth is revised downward to 2.8%

11/25/2009 | Bloomberg Businessweek

Third-quarter U.S. economic growth was revised to 2.8% Tuesday from previous estimates of 3.5%. The downward revision sent stocks lower, even as investors cheered upbeat reports on home prices and consumer confidence. Still to come this week are reports on consumer sentiment, new-home sales, personal spending and jobless claims.

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