Posted: Tuesday, November 25, 2014 10:27 AM ET
By: Julian Close
After the open… stocks were rising this morning, after closing slightly higher on Monday. Investors are responding today to news that the US economy grew at 3.9% in the third quarter, a sharp upward revision from the first estimate of 3.5%. The picture changed sharply after the Consumer Confidence report, which came in at 88.7 when the Street was expecting a much more robust 96. Stocks went almost immediately into decline, but only a small one. At present, the S&P 500 is down 0.05%.
It isn’t clear what went wrong. In theory... Read More