Dow Staggers After Vicious GDP Imbalance Rattles Bond Markets

By CCN: The Dow and broader U.S. stock market struggled for direction on Friday after stronger-than-expected GDP data exposed significant imbalances in the world’s largest economy. Those imbalances rattled bond markets, sending yields lower. Dow Struggles Despite Strong GDP Growth All of Wall Street’s major indexes struggled for direction on Friday, which reflected a tepid pre-market for Dow futures. After dropping by as much as 70 points, the Dow Jones Industrial Average edged up 14 points, or 0.1%, to 24,476.75. After initial weakness, the broad S&P 500 Index of large-cap stocks traded in positive territory, gaining 0.1% to 2,929.83. Most

The post Dow Staggers After Vicious GDP Imbalance Rattles Bond Markets appeared first on CCN