Social News XYZ     

US stocks fluctuate after upbeat GDP report

US stocks fluctuate after upbeat GDP report

New York, Feb 27 (IANS) US stocks traded narrowly mixed as the country's economic growth was revised up to one percent in the fourth quarter of 2015.

By Friday noon, the Dow Jones Industrial Average edged down 0.89 point, or 0.01 percent, to 16,696.40, Xinhua news agency reported.

The S&P 500 rose 3.19 points, or 0.16 percent, to 1,954.89. The Nasdaq Composite Index added 13.37 points, or 0.29 percent, to 4,595.57.

According to the second estimate released on Friday by the Commerce Department, the US real gross domestic product (GDP) increased at an annual rate of 1.0 percent in the fourth quarter of 2015, beating market consensus of 0.4 percent.

 

In the previous estimate, the increase in real GDP for the fourth quarter of 2015 was 0.7 percent.

On Thursday, US stocks kept rising as Wall Street digested a batch of generally positive economic reports amid oil recovery.

Facebook Comments
US stocks fluctuate after upbeat GDP report

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

Advertisements
%d bloggers like this: