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Dow Finally Pulls Ahead After Vicious GDP Imbalance Rattles Bond Markets

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By CCN: After struggling for much of the session, the Dow and broader U.S. stock market pulled ahead Friday even as stronger-than-expected GDP data exposed significant imbalances in the world’s largest economy. Those imbalances rattled bond markets, sending yields lower. Dow Rallies; S&P 500, Nasdaq Hit New Highs All of Wall Street’s major indexes struggled for direction earlier in the day, which reflected a tepid pre-market for Dow futures. After dropping by as much as 70 points, the Dow Jones Industrial Average reversed course to gain 81.25 points, or 0.3%, to 26,543.33. After initial weakness, the broad S&P 500 Index

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* First published on ccn.com

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