While you were sleeping: Financial, energy shares gain

Thu, 21 Dec 2017

By Margreet Dietz Dec. 22 (BusinessDesk) - Wall Street climbed, bolstered by gains in bank and energy stocks, on optimism corporate tax cuts will lift profits and underpin economic growth. A Commerce Department report showed US gross domestic product grew at a 3.2 percent annualised pace in the third quarter. While the third GDP estimate was revised lower from the 3.3 percent reported last month, it remains the fastest pace since early 2015. “You’ve got an improving economy that bodes well for loan growth along with a rising interest r...

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