"A solid upward revision to domestic 3Q GDP paired with an unexpected decline in jobless claims helped create downward pressure for the U.S. equity markets as investors continued to grapple with concerns that the Federal Reserve may begin to reduce the pace of its current stimulus sooner than expected. Treasuries were modestly lower following the economic data, which included a smaller-than-expected decline in factory orders. On the equity front, Dollar General Corp reported better-than-expected 3Q profits and announced an additional $1 billion to its share repurchase program, while Costco Wholesale Corp posted softer-than-expected November same-store sales. The Wall Street Journal reported that China Mobile Ltd reached a deal with Apple Inc to offer iPhones on its network. Gold and the U.S. dollar were lower, while crude oil prices were mixed".
Source: Schwab
Source: Schwab
