NEW YORK (AP) — It's been a day of solid gains on Wall Street, thanks to a government report that the gross domestic product rose at an annual rate of 3.5 percent in the third quarter of the year.
That's better than economists predicted, and it's the strongest growth in two years. The news came on the 80th anniversary of the stock market crash that triggered the Great Depression.
President Barack Obama says the numbers show that the country has "come a long way" since early this year. He cautioned, however, that "we have a long way to go to fully restore our economy."
The Dow was up almost 200 points to finish at 9,962.
The Nasdaq closed up almost 38 points to close at 2,097 and the S&P finished the day at 1,066 up about 23.
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