Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Stocks End Lower as GDP Data Disappoints

Wednesday, January 30, 2013 5:27 PM
Stocks ended lower in trading today, with all three major indexes finishing the day in red, after data released earlier in the day showed that the U.S. economy contracted unexpectedly in the fourth quarter of 2012. The Dow Jones ended the day 0.32% lower at 13,910.42, the S&P 500 ended the day 0.39% lower at 1,501.96, and the Nasdaq ended the day 0.36% lower at 3,142.31. All sectors in the S&P 500 except Consumer Non-Cyclical ended the day in red. Transportation sector was the worst performer in the S&P 500 today, ending the day 1.24% lower. Industrials also fell sharply, ending the day 0.71% lower. Basic Materials sector ended the day 0.66% lower, while Energy sector ended the day 0.75% lower. Consumer Non-Cyclical sector finished 0.19% higher. Stocks slipped today after a report from the Commerce Department showed that the U.S. economy contracted 0.1% in the fourth quarter of 2012. The weaker than expected GDP data overshadowed robust ADP jobs report released earlier today and also provided support to Federal Reserve’s stance on its bond buying program. The Fed today released its monetary policy statement following a two-day meeting. In its statement, the Fed said that it will continue with its bond buying program. Among the major movers in trading today were Amazon.com Inc. (NASDAQ: AMZN), which ended the day 4.76% higher at $272.75, Boeing Company (NYSE: BA), which ended the day 1.28% higher at $74.59, and Research In Motion Limited (NASDAQ: RIMM), which ended the day 12.01% lower at $13.78. European markets ended mostly lower earlier today, with the FTSE 100 Index in London closing 0.25% lower, and the CAC 40 Index in Paris closing 0.54% lower. Asian markets ended mostly higher overnight, with the Nikkei 225 Index in Japan closing 2.28% higher, and the Hang Seng Index in Hong Kong closing 0.71% higher.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

China July official PMI hits 27-month high on strong ordersChina July official PMI hits 27-month high on strong orders
BEIJING (Reuters) - Activity in China`s vast factory sector expanded at the fastest pace in 27 months in July on stronger demand, a government survey showed, adding to evidence that the economy is reg...
China July official PMI rises to 51.7 from 51 in JuneChina July official PMI rises to 51.7 from 51 in June
BEIJING (Reuters) - Activity in China`s factory sector quickened to a 27-month high in July, a government survey showed on Friday, adding to signs that the economy is regaining momentum after a burst ...
Asia taken aback by Wall St swoon, pins hopes on ChinaAsia taken aback by Wall St swoon, pins hopes on China
SYDNEY (Reuters) - Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment. ...
SEC launched extensive probe to identify sources in Reuters storiesSEC launched extensive probe to identify sources in Reuters stories
NEW YORK/WASHINGTON (Reuters) - A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reute...
Fiat investors vote on Chrysler merger to ease access to cash, U.S. investorsFiat investors vote on Chrysler merger to ease access to cash, U.S. investors
TURIN Italy (Reuters) - Fiat <FIA.MI> shareholders are expected to approve the Italian carmaker`s merger with its U.S. unit Chrysler on Friday, a union aimed at boosting the world`s seventh-la...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.