Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

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 2016 the year you get RICH!

Latest Headlines

Yogurt maker Chobani rejects PepsiCo's offer for stake in company Yogurt maker Chobani rejects PepsiCo's offer for stake in company
(Reuters) - Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo Inc and other investors. Chobani worked with Goldm...
BlackBerry cuts 200 jobs in Ontario and Florida to trim costsBlackBerry cuts 200 jobs in Ontario and Florida to trim costs
TORONTO (Reuters) - BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around it...
U.S., India in talks to settle solar power trade disputeU.S., India in talks to settle solar power trade dispute
WASHINGTON (Reuters) - The United States and India are in talks that could settle a long-running solar power trade dispute, delaying the announcement of a ruling by the World Trade Organization, an ...
Washington lawmakers nix bill linking tax breaks to Boeing jobsWashington lawmakers nix bill linking tax breaks to Boeing jobs
SEATTLE (Reuters) - Washington state lawmakers voted down a bill on Friday that would have forced Boeing to keep a minimum number of jobs in the state in exchange for receiving billions of dollars i...
State lawmakers nix bill linking aerospace tax breaks to Boeing jobs State lawmakers nix bill linking aerospace tax breaks to Boeing jobs
SEATTLE (Reuters) - Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels. (Reporting by Al...

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.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

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

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More