U.S. Economic Growth Exceeds Expectations, Stock Futures Edge Lower
Stock futures edged lower after delayed economic data arrived far stronger than expected. The U.S. economy posted robust growth over the summer, the Commerce Department said, offering one of the final looks at the country's economic performance for 2025. Gross domestic product expanded at an annualized 4.3% pace in the third quarter, well above expectations. Economists had forecast growth would ease to 3.2%, down from a 3.8% annualized rate in the second quarter.In commodities, precious metals stayed firm, supported by lower volatility in rates and lingering geopolitical and macro uncertainty, while energy prices were mixed as traders weighed demand expectations heading into year-end.In pre-market trading, S&P 500 futures are down 0.18%, Nasdaq futures fell 0.23% and Dow futures are down 0.18%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Sable Offshoreup 19% after the Pipeline Hazardous Materials Safety Administration granted approval of the Las Flores Pipeline restartNovo Nordiskup 8% after Reutersthe company's newly approved version of Wegovy in pill form is planned to go straight to U.S. self-pay channels in early JanuaryHIIup 2% after The Wall Street JournalPresident Trump announcing that the U.S. Navy intends to build a new "Trump-class" battleship as part of the "Golden Fleet" initiativeZIM Integratedup 8% after update on strategic review processZai Labup 2% after announcing that China's National Medical Products Administration approved the new drug application for Cobenfy for the treatment of schizophrenia in adultsLOWER -Johnson & Johnsondown 1% after Reutersa Baltimore jury has ordered the company and its subsidiaries to pay more than $1.5B to a woman who said exposure to asbestos in the company's talc-based products caused her peritoneal mesothelioma
