US Stocks Slips after GDP Data, Earnings Reports
US stocks
New York - QNA
US stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump.
US economic growth slowed more than expected in the fourth quarter, with GDP rising at a 1.9% annual rate, below the 2.2% rise expected by economists and the 3.5% growth pace logged in the third quarter.
The Dow Jones Industrial Average fell 7.13 points, or 0.04%, to 20,093.78.
The S&P 500 lost 1.99 points, or 0.09%, to 2,294.69.
The Nasdaq Composite added 5.61 points, or 0.1%, to 5,660.78.
For the week, the Dow rose 1.3%, the S&P 500 gained 1% and the Nasdaq advanced 1.9%.
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