Culture

GDP Up; Market Down

The Commerce Department revised the second-quarter growth estimate from a modest 2.2 percent annual rate to 3.6 percent, and Wall Street - fearing inflation - took the news poorly. The Dow closed Thursday's turbulent session down 93 points to 7694. The Nasdaq dropped 14 to 1581.

The Commerce Department revised the second-quarter growth estimate from a modest 2.2 percent annual rate to 3.6 percent, and Wall Street - fearing inflation - took the news poorly. The Dow closed Thursday's turbulent session down 93 points to 7694. The Nasdaq dropped 14 to 1581.