Wall St. tumbles one percent at the close

U.S. stock indices closed down nearly one percent following a spate of data from the world's largest economy, which showed a solid 1.4% GDP growth rate in the second quarter, while unemployment claims rose less than expected last week, bolstering the case for a Fed rate hike in December and weighing on stocks. 

Dow Jones closed down 1.04%, or 190.34 points at 18,148.90, while Standard and Poor's 500 shed 0.88%, or 19.10 points to 2,152.27. NASDAQ Composite slid 0.89%, or 47.42 points to 5,271.13. 

The dollar index, gauging the greenback's performance against an array of six major counterparts, rose to 95.55 from the opening of 95.38, with an intraday high at 95.68, and a low at 95.33. 

On another note, gold futures due on December 16 rose 0.02% to $1,323.90 an ounce from the opening of $1,324.10, while U.S. crude futures due on November 15 rose 1.42% to $47.72 a barrel from the opening price of $47.05. Brent crude futures due on November 15 advanced 0.70% to $49.03 a barrel from the opening price of $46.69.