Major U.S. stock-indexes fell on Tuesday as investors turned to less-risky assets after Turkey shot down a Russian warplane, even as GDP data indicated healthier economic growth. Crude oil prices were up about 2% on the prospect of more turmoil in the Middle East. Gold also rose.
The U.S. Commerce Department revised third-quarter GDP growth to an annual rate of 2.1%, in line with market expectations but up from 1.5% estimated previously. The data could give the Federal Reserve confidence to raise interest rates at its December meeting.
Most of Dow stocks in negative area (24 of 30). Top looser - Merck & Co. Inc. (MRK, -1.61%). Top gainer - Chevron Corporation (CVX. 0.89%).
Almost all of S&P index sectors also in negative area. Top looser - Services (-1.2%). Top gainer - Conglomerates ( 1,2%).
At the moment:
Dow 17660.00 -102.00 -0.57%
S&P 500 2068.75 -15.50 -0.74%
Nasdaq 100 4626.75 -49.00 -1.05%
Oil 42.59 0.84 2.01%
Gold 1074.20 7.40 0.69%
U.S. 10yr 2.23 -0.02