US stocks soar to new record as growth accelerates

The Dow stock index closed above 18,000 for the first time ever Tuesday after government data estimated third-quarter US economic growth at a spectacular five percent. The blue-chip index crossed its latest threshold within moments of the market opening and stayed above 18,000 the rest of the session, continuing a so-called “Santa Claus rally” that began after last week’s US Federal Reserve meeting.

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