US shares end Tuesday mixed



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(Close): US shares ended Tuesday mixed, after initially being buoyed by a report showing that US economic growth was stronger than initially thought in the third quarter.

The Dow Jones Industrial Average shed 2.96 points to finish at 17,814.94 and the S&P 500 lost 2.38 points to close at 2,067.03.

The tech-heavy Nasdaq rose 3.36 points to 4,758.35.

Tiffany shares rose 2.47% after the jeweller said third quarter sales rose.

Earlier in the day, investors had been cheered by official figures that showed the US economy grew at an annualised rate of 3.9% in the third quarter, up from an initial estimate of 3.5%.

"This continues the general trend of data pointing to a strong economy, and it indicates that the surge of activity we've seen is valid," said Bruce McCain, chief investment strategist at Key Private Bank.

Apple's market valuation topped $700bn for the first time on Tuesday. Shares were up 0.86%.

Apple is worth more than Exxon Mobil, the second ranked firm, and retailing giant Wal-Mart combined.