US Economy Grows Faster Than Expected in Q3, But Stocks Fall on Mixed Earnings as Recession Fears Linger

U.S. economy grew faster than expected in Q3, defying recession warnings, but business investment softened.

U.S. stocks fell on mixed earnings and economic signals; 10-yr Treasury yields dipped but remain near 5%.

ECB held rates as expected but euro little affected; European stocks also declined.

Dollar climbed vs yen and on dollar index; oil slipped while gold neared 5-month high.

Fed rate hikes still needed to curb inflation according to some strategists, despite latest data.