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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 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln