U.S. Third-Quarter GDP Revised Down to 3.2% Pace

The video discusses the current state of major market indices, including Dow Jones, NASDAQ, and S&P futures. It highlights the release of key economic data such as GDP, personal consumption index, and jobless claims, noting a rise in jobless claims and unexpected inflation data from Canada. The GDP and personal consumption figures have slightly softened. Michael Gapen provides expert analysis, emphasizing strong personal consumption and business investments, and notes the solid momentum of the economy heading into the fourth quarter.

Which stock index is currently outperforming the other?

• NASDAQ is beating Dow Jones

• Dow Jones is beating NASDAQ

• S&P is beating both Dow Jones and NASDAQ

• NASDAQ and Dow Jones are tied

What was the recent change in weekly jobless claims?

• They increased by 20,000

• They increased by 10,000

• They remained the same

• They decreased by 20,000

How did the GDP annualized growth rate change in the third quarter?

• It decreased from 3.2% to 3.1%

• It remained at 3.3%

• It decreased from 3.3% to 3.2%

• It increased from 3.2% to 3.3%

What aspect of the economy does Michael Gapen highlight as strong in the third quarter?

• Government spending

• Housing market

• Personal consumption and business investments

• Export growth

What is the overall economic outlook heading into the fourth quarter according to the analysis?

• The economy is in recession

• The economy has a solid pace of momentum

• The economy is stagnant

• The economy is slowing down