US markets muted after GDP revised down

3.10pm: US markets have shrugged off poor third-quarter GDP results with trading muted early in the session.

The Dow Jones was down 0.03% or 3.48 points to 11543.83 half an hour into trading, rebounding from heavy losses yesterday. Stocks on the broader S&P 500 were up 0.05% to 1193.55.

Figures released yesterday showed the US economy grew by just 2% in the third quarter, down from initial estimates of 2.5% growth, the Commerce Department said.

Earlier in the day, Wall Street futures markets pointed to average losses of between 0.3% and 0.6%.

In London the FTSE 100 was up 29.63 points to 5252.23, an increase of half a percent.