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imageNEW YORK: US stocks opened mixed Friday after the Commerce Department's first quarter growth estimate came in at a modest 2.5 percent, a rebound from the previous quarter but slower than expected.

The Dow Jones Industrial Average gained 9.63 points (0.07 percent) to 14,710.43 in the first five minutes of trade.

The broad-based S&P 500 fell 1.69 (0.11 percent) to 1,583.47, while the tech-rich Nasdaq Composite Index lost 7.60 (0.23 percent) to 3,282.39.

"The sustained strength in the housing market, the pickup in consumer spending and the further advance in business capital spending... suggest the economy has some underlying strength," said economist Sal Guatieri of BMO Capital Markets.

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,979.13 0.35
Arrow Nasdaq 4,526.48 0.02
Arrow S&P 1,986.51 0.25
Arrow FTSE 6,755.48 0.35
Arrow DAX 9,314.57 0.21
Arrow CAC-40 4,240.79 0.32
Arrow Nikkei 15,454.45 0.03
Arrow H.Seng 25,159.76 0.15
Arrow Sensex 26,314.29 0.40





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln