Today – Thursday December 5th, 2013
- U.S. stocks declined today as the possibility of Federal Reserve stopping its stimulus soon becomes more of a concern.
- Weekly jobless claims fell by 23,000 to 298,000, when economists were expecting it to rise to 325,000.
- U.S. GDP grew 3.6% in the third quarter which is up from the 2.8% last quarter.
- Which shows the labor market improvement and better economic growth raised the possibility of the Federal Reserve tapering in December. Thus this positive economic data is causing investors to be very concerned about the reality that the Federal Reserve might stop its stimulus program soon due to the strength in the economy.
Categories: Capital Markets