Breaking news: Numbers on GDP and jobless claims have been released. Plus, Apple's big deal sends shares rising. And why Jos. A Bank's looking dapper.
Red has been the color of choice lately as the Dow and S&P finished down for the fourth straight day. The Dow fell further away from 16-thousand, falling almost 25 points. And the S&P also stayed below its milestone of 1800. Will today make it five down days in a row as more economic indicators are released, with positive news contributing to investor fear over a fed taper? Some of that economic news is was released this morning. We've got a new estimate of Q3 GDP and weekly jobless claims were both released this morning at 8:30. GDP grew 3.6% in the third quarter, while jobless claims went down to 298,000 showing companies were laying off fewer workers.
In other headlines, Apple (AAPL) has just signed a long-awaited deal to carry its iPhones on the world's largest mobile subscriber network: China Mobile (CHL). Reports are circulating