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US stocks open mixed after modest growth data

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 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln