Arab Today, arab today us markets little changed after q4 growth downgrade
Last Updated : GMT 02:40:47
Arab Today, arab today
Arab Today, arab today

US markets little changed after Q4 growth downgrade

Arab Today, arab today

Arab Today, arab today US markets little changed after Q4 growth downgrade

5 minutes into trade, the Dow Jones Industrial Average fell 15.77 points
New York - AFP

Wall Street stocks fell slightly in early trade Friday after a downward revision to fourth-quarter US economic growth came in less severe than expected.
Thirty minutes into trade, the Dow Jones Industrial Average was down 23.29 points (0.13 percent) at 18,191.13.
The broad-based S&P 500 shed 1.07 (0.05 percent) at 2,109.67, while the tech-rich Nasdaq Composite Index lost 3.45 (0.07 percent) at 4,984.44.
The official estimate of US growth in the October-December quarter was revised to 2.2 percent from the initial estimate of 2.6 percent. A sharper cut had been expected by markets.
After the third quarter's 5.0 percent pace, "the trend is probably somewhere in the middle -- at least 3 percent," said Jim O'Sullivan at High Frequency Economics.
Bank of America stumbled 1.7 percent to $15.77 after UBS cut its price target for the shares to $16 from $20.
Herbalife, the embattled direct marketer of nutrition supplements, fell 2.4 percent after a fourth-quarter report that showed strong profits but lower-than-expected revenues.
Clothing retailer The Gap surged 3.3 percent after the board of directors announced a dividend increase and added $1 billion to its share buyback program.
Gap, the owner of the Banana Republic and Old Navy brands, said its fourth-quarter earnings were up 10 percent from a year before, and slightly above forecasts.
The company forecast a fall in 2015 full-year earnings per share to $2.75-$2.80 compared with $2.87 in 2014, blaming challenging currency fluctuations and the impact of the three-months long West Coast ports strike that ended on Saturday.
Bond prices were lower. The yield on the 10-year US Treasury rose to 2.02 percent from 1.99 percent Thursday, while the 30-year advanced to 2.62 percent from 2.59 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us markets little changed after q4 growth downgrade Arab Today, arab today us markets little changed after q4 growth downgrade

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us markets little changed after q4 growth downgrade Arab Today, arab today us markets little changed after q4 growth downgrade

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday