The Dow Jones Industrial Average is down 20 points, or 0.07%, while the tech-focused Nasdaq has lost 0.3%.
Stephen Hubble, Chief Analyst at currency firm Centtrip, explains:
“US GDP smashed the forecast of 2% growth, having come in at 3.2% for the first quarter of the year.
However, the market reaction was muted due to a surprise drop in personal consumption expenditure (PCE) measuring inflation in goods and services.”
Read the full rolling coverage: the Guardian