White House cites stocks rise as sign of growth

WASHINGTON, April 14 (BestGrowthStock) – White House spokesman
Robert Gibbs on Wednesday cited a rise in U.S. stocks (Read more about the stock market today. ) as a sign
that President Barack Obama’s measures to boost the economy
were working.

“We’ve seen three consecutive quarters of economic growth.
The measure that some use is that of the stock market, which,
prior to me making this comment, appeared to be above 11,000,”
Gibbs told reporters.

The S&P 500 topped 1,200 on Wednesday as
stronger-than-expected corporate results and March retail sales
bolstered the outlook for profits.

“There are those that seem to continue to deny that we’re
making progress on the economy despite all available
information to the contrary,” Gibbs said.

The White House is usually cautious about commenting on the
stock market.

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(Reporting by Jeff Mason; editing by Ross Colvin)

White House cites stocks rise as sign of growth