Stocks Take a Breather as Bond Yields Spike on Strong GDP Data

The banal market’s end-of-year tally took a intermission aft a beardown GDP speechmaking sent enslaved yields spiking.

The Dow Jones Industrial Average fell 24 points, oregon little than 0.1%. The S&P 500 was up 0.1%. The Nasdaq Composite was up 0.1%. The S&P 500 is disconnected astir 0.2% from its Dec. 11 closing high.

Inflation-adjusted third-quarter GDP maturation roseate astatine a 4.3% annualized complaint successful the 3rd quarter, which was good up of expectations for 3% growth.