The Commerce Department revised the second-quarter growth estimate from a modest 2.2 percent annual rate to 3.6 percent, and Wall Street - fearing inflation - took the news poorly. The Dow was down 130 points in morning trading, before recovering some of the lost ground. The Nasdaq took a similar course.
GDP Up; Market Down
The Commerce Department revised the second-quarter growth estimate from a modest 2.2 percent annual rate to 3.6 percent, and Wall Street - fearing inflation - took the news poorly. The Dow was down 130 points in morning trading, before recovering some of the lost ground. The Nasdaq took a similar course.
