U.S. stocks were volatile on Tuesday after economic data came in much stronger than expected, suggesting the American economy might be stronger than initially believed. The Dow Jones Industrial Average fell 0.12%, while both the S&P 500 and the NASDAQ Composite gained 0.8%. The U.S. Department of Commerce reported that the U.S. economy grew at a 4.3% annual rate in the third quarter, a much better rate than the 3.2% forecast from economists surveyed by Dow Jones. The report, which was delayed from its original October 30 release date due to the unprecedented U.S. government shutdown, may have sparked investor concerns and led them to believe that the Federal Reserve might cut interest rates.
