US stocks wobbly at open as GDP surprise dampens Fed rate cut hopes

Core Viewpoint - US stocks experienced volatility at market open due to revised economic data indicating stronger than expected growth in the American economy, leading investors to reevaluate their expectations for future interest-rate cuts [1] Group 1: Economic Data Impact - Delayed economic data revealed that the American economy grew significantly faster than previously estimated [1] - This unexpected growth prompted a reassessment of interest-rate cut expectations among investors [1] Group 2: Market Reaction - The Dow Jones Industrial Average saw a decline of 53 points, approximately 0% at the market open [1]