Logo of the United States Bureau of Economic Analysis, a part of the Department of Commerce. (Photo credit: Wikipedia). Economic growth is up while jobless claims are down, according to new economic data released Thursday morning.
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BANGKOK (AP) - Asian stock markets were in a holding pattern Friday as investors awaited a U.S. jobs report that could solidify expectations about when the Federal Reserve will start reducing its expansive stimulus.
The U.S. economy grew faster than estimated during the third quarter, according to government data released Thursday, but analysts say that pace is unlikely to be sustained through the end of the year.
The S&P 500 Index and the Dow Jones Industrial Average both closed last week just below fresh highs hit on Thursday, and the Nasdaq finished out the week at a 13-year high, trading above 4,000 for the first time since September 2000.