Soft GDP weighs on Wall St. but indexes up in April | Reuters

NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains.

The Dow Jones Industrial Average .DJI fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 .SPX lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite .IXIC dropped 1.33 points, or 0.02 percent, to 6,047.61.

For the week, the Dow rose 1.9 percent, the S&P gained 1.5 percent and the Nasdaq rose 2.3 percent.

During April, the Dow gained 1.3 percent, the S&P rose 0.9 percent and the Nasdaq jumped 2.3 percent. (Reporting by Rodrigo Campos; Editing by Nick Zieminski)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Published Date: Apr 29, 2017 02:17 am | Updated Date: Apr 29, 2017 02:17 am



Also See