Stocks Take a Breather as Bond Yields Spike on Strong GDP Data
Market Intelligence Analysis
AI-PoweredThe stock market experienced a brief pause due to a spike in bond yields following strong GDP data, which exceeded expectations with a 4.3% annualized growth rate in the third quarter.
Market impact analysis based on neutral sentiment with 78% confidence.
Article Context
The stock market’s end-of-year run took a pause after a strong GDP reading sent bond yields spiking. The Nasdaq Composite was up 0.1%. Inflation-adjusted third-quarter GDP growth rose at a 4.3% annualized rate in the third quarter, which was well ahead of expectations for 3% growth.
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