Breaking News

U.S stocks end mixed on soft GDP data; Dow gains 0.08%

Stock MarketsApr 26, 2013 04:17PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Investing.com - U.S. stocks finished Friday mixed as demand for technology and energy concerns partially offset losses sustained when the U.S. government reported that the country's gross domestic product grew less than expected in the first quarter.

At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.08%, the S&P 500 index fell 0.18%, while the Nasdaq Composite index slid 0.33%.

Shares in Apple and Hewlett-Packard rose on Friday after investors viewed them as nicely priced and brought their peers up with them albeit in quiet trading session.

Elsewhere, Chevron reported first-quarter earnings that topped expectations and sparked demand for energy companies, though disappointing results from Starbucks and guidance from Amazon dampened spirits as did economic indicators.

Earlier Friday, the Bureau of Economic Analysis revealed in a preliminary report that the U.S. gross domestic product rose 2.5% in the first quarter, missing expectations for a 3.0% increase though an improvement from a 0.4% rise in the previous quarter.

Elsewhere, the Thomson Reuters/University of Michigan's consumer sentiment index rose to 76.4 in April, from a reading of 72.3 the previous month, beating expectations for an increase to 73.2.

Leading Dow Jones Industrial Average performers included Hewlett-Packard, up 1.89%, Boeing, up 1.44%, and Chevron, up 1.33%.

The Dow Jones Industrial Average's worst performers included Alcoa, down 1.31%, 3M, down 1.03%, and United Technologies, also down 1.03%.

European indices, meanwhile, finished lower.

After the close of European trade, the EURO STOXX 50 fell 0.77%, France's CAC 40 fell 0.79%, while Germany's DAX 30 finished down 0.23%. Meanwhile, in the U.K. the FTSE 100 finished down 0.25%.

U.S stocks end mixed on soft GDP data; Dow gains 0.08%

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post also to:
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email