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NEW YORK Mathew Barzal Jersey For Sale , Oct. 29 (Xinhua) -- U.S. stocks inched down after wavering in a tight range Thursday, as the country's economic growth in the third quarter came out weaker than expected.
The Dow Jones Industrial Average fell 23.72 points, or 0.13 percent, to 17,755.80. The S&P 500 edged down 0.94 point, or 0.04 percent, to 2 John Tavares Salute to Service Jersey ,089.41. The Nasdaq Composite Index decreased 21.42 points, or 0.42 percent, to 5,074.27.
U.S. real gross domestic product (GDP) expanded at an annual rate of 1.5 percent in the third quarter, down from the revised 3.9 percent increase in the second quarter and missing market expectations of 1.7 percent, the Commerce Department reported Thursday.
On a year-on-year basis, the American economy increased 2 percent in the third quarter Andrew Ladd Salute to Service Jersey , which represents the slowest expansion since the first quarter of 2014.
"Slow growth with a huge slowdown in inventory building and solid growth in final sales is good news. Demand grew at a solid pace. But the seeds of a slowdown in Q4 are already planted in the form of slowing consumption and weakness in durable orders," chief economist at FTN Financial Chris Low said in a note.
Initial claims for unemployment benefits indicate that the U.S. job market remains solid. In the week ending Oct. 24, the advance figure for seasonally adjusted initial jobless claims was 260,000, below market consensus of 265,000, said the U.S. Labor Department Thursday.
The four-week moving average was 259 Mathew Barzal Salute to Service Jersey ,250, a decrease of 4,000 from the previous week's unrevised average. This is the lowest level for this average since Dec. 15, 1973 when it was 256,750.
U.S. pending home sales cooled in September for the second straight month and to their second lowest index reading in 2015, according to the National Association of Realtors Thursday.
The Pending Home Sales Index declined 2.3 percent to 106.8 in September from a slightly downwardly revised 109.3 in August.
Meanwhile, investors were still sifting through the Federal Reserve's statement released Wednesday afternoon following its two-day policy meeting. The U.S. central bank left the federal funds rate unchanged Authentic John Tavares Jersey , but signaled option to tighten policy rate at its next meeting in December.
On corporate news, shares of Time Warner Cable Inc. jumped 3.55 percent to 191.82 U.S. dollars apiece Wednesday after the company delivered quarterly earnings above market estimates but revenues short of forecast.
BEIJING, Oct. 18 (Xinhua) -- Xi Jinping on Wednesday unveiled a two-stage plan of the Communist Party of China (CPC) to make China a "great modern socialist country" by mid-21st century.
It was announced in a report Xi delivered to the 19th CPC National Congress at the Great Hall of the People in central Beijing.
This is the first time that the CPC has set forth a post-2020 strategic plan to make China a "great" country. The Party is expected to complete the building of a moderately prosperous society in all respects by 2020.
According to the new plan, the CPC will basically realize socialist modernization in the first stage from 2020 to 2035, before developing China into a "great modern socialist country" that is "prosperous, strong, democratic Authentic Andrew Ladd Jersey , culturally advanced, harmonious and beautiful" after another 15 years.
This means the CPC now aims to basically achieve socialist modernization of the country around 15 years ahead of its previous schedule set by the Party's three strategic goals, which were laid out after the adoption of the reform and opening up policy in late 1970s.
The two-stage development plan is the CPC's "strategic vision for developing socialism with Chinese characteristics in the new era," Xi said.
According to the plan, the following goals will have been met by 2035:
-- China's economic and technological strength has increased significantly. China has become a global leader in innovation.
-- The rights of the people to participate and to develop as equals are adequately protected. The rule of law for the country, the government, and society is basically in place. Institutions in all fields are further improved; the modernization of China's system and capacity for governance is basically achieved.
-- Social etiquette and civility are significantly enhanced. China's cultural soft power has grown much stronger; Chinese culture has greater appeal.
-- People are leading more comfortable lives Authentic Mathew Barzal Jersey , and the size of the middle-income group has grown considerably. Disparities in urban-rural development, in development between regions, and in living standards are significantly reduced; equitable access to basic public services is basically ensured; and solid progress has been made toward prosperity for everyone.
-- A modern social governance system has basically taken shape, and society is full of vitality, harmonious, and orderly.
-- There is a fundamental improvement in the environment; the goal of building a Beautiful China is basically attained.
By the middle of the 21st century, the following goals will have been met:
-- New heights are reached in every dimension of material Adidas John Tavares Jersey , political, cultural and ethical, social, and ecological advancement.
-- Modernization of China's system and capacity for governance is achieved.
-- China has become a global leader in terms of composite national strength and international influence.
-- Common prosperity for everyone is basically achieved.
-- The Chinese people enjoy happier, safer, and healthier lives.
"The Chinese nation will become a proud and active member of the community of nations," said Xi.
The two-stage plan is an important component of the "Thought on Socialism with Chinese Characteristics for a New Era Adidas Andrew Ladd Jersey ," a long-term guide to action that the Party must adhere to and develop.
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