Dow tumbles after the US economy grew much faster than previously thought in the third quarter

America's economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve's battle to cool the economy as it fights against inflation is having only limited impact.

News: What you need to know about the markets     Dow tumbles after the US economy grew much faster than previously thought in the third quarter America's economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve's battle to cool the economy as it fights against inflation is having only limited impact. Read more »   Sam Bankman-Fried released on $250 million bond after appearing in a US court A New York federal court hearing for FTX cofounder Sam Bankman-Fried is expected to begin at 1 pm ET Thursday, according to a court spokesperson. Read more »   Companies are reining in holiday bonuses Last year, bonuses were bountiful. This year, economic uncertainty is bringing a chill to the holiday-season perk, according to survey data released Thursday by Challenger, Gray & Christmas. Read more »   Why America's economy remains surprisingly strong -- but you don't realize it Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Read more »   It's freezing. Cranking up the heat is going to cost you The "once-in-a-generation" winter storm sweeping across the nation will force Americans to crank up the heat at a time when it's become increasingly expensive to do that. Read more »   America needs immigrants to solve its labor shortage Immigration has long been a political football in the United States. But If you're wondering why America's labor shortage persists nearly three years into the Covid pandemic, it's in part because America doesn't have enough immigrants. Read more »

Dow Nasdaq S&P -348.99   -233.25   -56.05 33,027.49   10,476.12   3,822.39 -1.05%   -2.18%   -1.45% YTD -9.11%   YTD -33.04%   YTD -19.80%

Biggest Winners FedEx Corp +3.35%   VF Corp +2.95%   Kroger Co +1.78%   Vornado Realty Trust +1.76% Biggest Losers Carnival Corp -7.08%   General Motors Co -6.60%   Norwegian Cruise Line Holdings Ltd -4.95%   Epam Systems Inc -4.65%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $78.17 -0.12 / -0.15% Gold $1,800.50 -24.90 / -1.36% 10-yr 3.67% -0.02 Euro $1.06 -0.00 / -0.08%

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