Stocks Take a Breather as Bond Yields Spike on Strong GDP Data

The stock market's end-of-year run took a pause after a strong GDP reading sent bond yields spiking. Inflation-adjusted third-quarter GDP growth rose at a 4.3% annualized rate in the third quarter, which was well ahead of expectations for 3% growth. The Dow Jones Industrial Average fell 24 points, or less than 0.1%. The S&P 500 was up 0.1%. The Nasdaq Composite was up 0.1%. The S&P 500 is off about 0.2% from its Dec. 11 closing high. ...