Tuesday, November 22 Market Recap

TUESDAY (DJIA -54) Q3 GDP’s revised estimate came in at a disappointing 2.0%, the best quarter YTD, but below the 2.5% first reported and expected. Some key European bond yields continued to rise. Midday, a report came out about an IMF backstop facility and the market went positive until it was realized that all was not as it seemed. Shows how jumpy the market is right now.