Investing.com - Wall Street was lower on Thursday as investors digested weaker-than-expected U.S. economic growth in the third quarter and the Federal Reserve's hints of a possible rate hike in December.
The Fed, which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the U.S. job market's recovery and the economy's capacity to absorb a rate increase.
U.S. GDP growth braked sharply in the third quarter, with growth slowing to 1.5% in the three months to September, down from 3.9% in the second quarter.
The Dow Jones Industrial Average was down 0.38%, the S&P 500 slid 0.29% and the Nasdaq composite index was down 0.36% at 10.40 AM ET.
In earnings, GoPro (O:GPRO) shares slumped after disappointing results.
Starbucks (O:SBUX), LinkedIn, Expedia (O:EXPE), Electronic Arts (O:EA) and Western Union (N:WU) were to report earnings after the bell.