While you were sleeping Strong US GDP, jobs

Thu, 05 Dec 2013

By Margreet Dietz Dec 6 (BusinessDesk) – US stocks and bonds fell after reports showing the American economy grew faster than initially estimated during the third quarter, while weekly jobless claims unexpectedly dropped, putting investors on notice the Federal Reserve might change its stimulus program sooner than anticipated. In afternoon trading in New York, the Dow Jones Industrial Average retreated 0.18 percent, the Standard & Poor’s 500 Index fell 0.24 percent, while the Nasdaq Composite Index slipped 0.04 percent. Declines in shares of...

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