Disappointing Economic Data Pressures U.S. Equity Markets
U.S. equity markets opened higher, fueled by a better than expected U.S. Gross Domestic Products report, but gains were erased when the Chicago PMI report showed unexpected weakness in the economy. Investors are reading this as another report showing the U.S. economy will experience a slow, drawn out recovery. U.S. Treasury markets have erased earlier losses and are now trading better for the day. December Treasury Bonds and Notes lost ground early this morning on the friendly GDP Report, but a