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US stocks unmoved by strong GDP growth

US stocks were mixed in early Wednesday trading despite the release of strong US growth figures.The Dow Jones, a basket of 30 major US companies, dipped 0.07% to 21,850.25. However, the wider S&P 500 index was up 0.09% to 2,448.44 and the Nasdaq added 0.33% at 6,322.98.Earlier, the Commerce Department said the US economy grew much faster than initially estimated in the three months to June. It issued a revised estimate of an annualised 3%.The revision means that growth for the quarter was at the fastest rate since the first quarter of 2015 and much quicker than the 2.6% previously reported for the period.
Source: BBC News

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