Wall Street falls despite GDP surge, Dow Jones drops 252 points
NEW YORK, New York - The U.S. economy surged in the third quarter which should ignited stocks, however a heavy sell-off followed the announcement.
Rather than cheer the stronger economic climate, and the potential for companies to do well, investors focused on the likely Fed reaction to the data, in trems of setting interets rates. The consensus being the sharply improved GDP will result in interest rates rising.