There Goes The Rally

UPDATE (4:00 PM):
Markets closed flat.  Click here for full details >

UPDATE (11:05 AM):
All of this morning’s gains are gone.  The Dow is now down 37 points.  The S&P 500 is down 6 points.


Photo: Google Finance

EARLIER (9:45 AM):
The Bureau of Economic Analysis just released its Q3 GDP number. It came in at 2.0%, which was ahead of economists’ expectation 1.8%.

Ahead of the report, Dow futures were down 80 points, and European markets were getting pummelled.

But now everything’s up!

The Dow is up 23 points. The S&P 500 is up 2 points. The Nasdaq is up 9 points.

In Europe, England’s FTSE, France’s CAC 40, and Germany’s DAX all turned positive.

Here’s a look at the Euro Stoxx 50:



Photo: Bloomberg

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