I returned from my meetings in Palm Beach at the end of the day yesterday and hit the ground running (both figuratively and literally) very early this morning. I love doing the DC Today. Special thanks to Brian and Trevor for filling in, and off we go with an action-packed recap of today …

Market Action

Dow: Up +194 points (+0.61%) – but off of a +550 point high
S&P: -0.61%
Nasdaq: -1.63%
10-Year Treasury Yield: 3.92% (-9 basis points)
Top-performing sector: Industrials (+1.14%)
Bottom-performing sector: Communication Services (-4.12%)
WTI Crude Oil: $88.58/barrel (+0.72%)

Key Economic Points of the Day:

Real GDP grew in Q3 at +2.6% annualized rate as net exports grew in light of energy exports being up and Chinese imports being down. Personal Consumption and Business Investment were up, but only a tad.
New Orders for Durable Goods were up +0.4%, below the 0.6% expectation

Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com