While you were sleeping: Wall St, oil gain

While you were sleeping: Wall St, oil gain
Margreet Dietz
By Margreet Dietz Dec. 23 (BusinessDesk) - Wall Street rose after a report showed the US economy expanded more than expected in the third quarter thanks to consumer spending, and as oil rebounded. A Commerce Department showed US gross domestic product grew at a revised 2 percent annualised rate in the third quarter, lower than the previously reported 2.1 percent pace but exceeding economists’ expectations for a final reading of 1.9 percent.  GDP data “continues to tell us the same thing, that is the consumer is in reasonable shape and...