US market today: Wall Street slips for a third straight day as tech drags; bond yields rise on growth surprises

Wall Street struggled on Thursday, heading toward a rare three-day losing streak as investors digested stronger-than-expected US economic data and corporate results.The S&P 500 fell 0.7% in early trading, marking a deeper decline than the previous two days, while the Dow Jones Industrial Average was down 107 points, or 0.2%, and the Nasdaq composite slid…

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US economy growth: GDP expands at surprising 3.8% pace in April-June quarter; trade shifts drive Q2 upgrade

The US economy grew at an unexpected 3.8 per cent annualised pace in the second quarter, significantly higher than the previously estimated 3.3 per cent, government data showed Thursday. The revision highlights a strong rebound from a first-quarter contraction of 0.6 per cent and underscores the influence of shifting trade patterns on the country’s economic…

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