The nation's gross domestic product—the value of all goods and services
produced—grew at an annual rate of 2.8% between October and December, up
from 1.8% growth in the third quarter. The reading fell short of
expectations for 3% growth, though the data showed the U.S. economy grew
at the fastest pace since the second quarter of 2010.
U.S. stocks were down more than half a percent in midmorning trading,
jeopardizing the market's chances for a fourth-straight weekly gain,
after investors were disappointed by the most recent reading on domestic
economic growth.
The Dow Jones Industrial Average futures dropped 74 points, or 0.6%, to
126664. The Standard & Poor's 500 fell 4.3 points, or 0.2%, to 1314
and the Nasdaq Composite Index was flat at 2806.
http://online.wsj.com/article/SB10001424052970204661604577186481168230406.html?mod=WSJ_hp_LEFTTopStories
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