Futures edged lower Tuesday following a lower-than-expected GDP figure and following the previous session’s sharp sell off.
The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.
Gross domestic product grew at a 2.0 percent annual rate in the third quarter, the Commerce Department said in its second estimate on Tuesday, down from the previously estimated 2.5 percent.
Tuesday, November 22, 2011
I'm shocked I tell you, shocked!
Posted by traderrob at 6:04 AM