WASHINGTON, Dec 5- The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish and buoyed the case for the Federal Reserve to keep up its stimulus for now.» Read More
Stocks could continue to trade sluggishly Wednesday, but traders are watching the durable goods orders report expected tomorrow as a potential source of volatility.
A firm rebound in jobless claims allay some fears that the labor market has seriously weakened, reports CNBC's Steve Liesman.
Economic reports could rule the markets Thursday, as investors get a fresh look at the jobs situation and the health of the housing market.
Key Spillway opened to channel water away from Mississippi River, with CNBC's Brian Sullivan.
Jobless claims jumped to 474,000, the third rise in 4 weeks but the YPO survey shows growing hiring optimism among CEOs, with Matt Ferguson, CareerBuilder CEO.
Despite the GDP growling less than expected and jobless claims on the rise, Fed chief Ben Bernanke remains upbeat, with Dan Greenhaus, Miller Tabak Co and Greg Valliere, Potomac Research Group.
Now that the much-anticipated pullback has arrived, traders are debating how low the skittish stock market can go. But one thing's for sure: It'll have a lot to do with oil.