US: Wall St dips at open despite strong GDP report

[NEW YORK] US stocks dipped at the open on Thursday despite a stronger-than-expected reading on third-quarter economic growth, as investors considered the strength of the economy the day after the Federal Reserve wound down its stimulus program.

The Dow Jones industrial average rose 34.87 points, or 0.21 per cent, to 17,009.18, the S&P 500 lost 4.51 points, or 0.23 per cent, to 1,977.79 and the Nasdaq Composite dropped 16.80 points, or 0.37 per cent, to 4,532.43.

REUTERS