Home news US stocks unmoved by strong GDP growth

US stocks unmoved by strong GDP growth


US stocks were mixed in early Wednesday trading despite the release of strong US growth figures.The Dow Jones, a basket of 30 major US companies, dipped 0.07% to 21,850.25. However, the wider S&P 500 index was up 0.09% to 2,448.44 and the Nasdaq added 0.33% at 6,322.98.Earlier, the Commerce Department said the US economy grew much faster than initially estimated in the three months to June. It issued a revised estimate of an annualised 3%.The revision means that growth for the quarter was at the fastest rate since the first quarter of 2015 and much quicker than the 2.6% previously reported for the period.
Source: BBC