All three main U.S. equity indexes traded above and below the breakeven line early on Tuesday as markets weighed better-than-expected growth data against another survey showing consumer sentiment is sagging. Though the probability of hoped-for relief from lower policy-based interest rates is sinking as well, risk-on sectors, including technology and communication services stocks as well as energy and utility stocks, led the way higher.
The Bureau of Economic Analysis said before the opening bell Tuesday morning that gross domestic product (GDP) expanded at an annualized rate of 4.3% during the third quarter, following 3.8% growth in the second quarter.
