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

Amazon's eroding tax advantage, bid to sustain growth in focus in first quarterAmazon's eroding tax advantage, bid to sustain growth in focus in first quarter
SAN FRANCISCO (Reuters) - Amazon.com Inc`s quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales ...
AT&T margin weakness fuels concern about U.S. cellular sectorAT&T margin weakness fuels concern about U.S. cellular sector
NEW YORK (Reuters) - Increasingly aggressive discounting is taking a toll on AT&T Inc and U.S. cellular rivals as they struggle to attract customers in a nearly saturated market. While recent ...
Telekom Austria proves slippery target for SlimTelekom Austria proves slippery target for Slim
VIENNA (Reuters) - Tycoon Carlos Slim stumbled in his bid for control of Telekom Austria <TELA.VI> on Wednesday, as a meeting designed to rubber-stamp a co-ownership deal with the Austrian gov...
ECB's Nowotny says would not rule out QE, but don't need it yetECB's Nowotny says would not rule out QE, but don't need it yet
VIENNA (Reuters) - European Central Bank policymaker Ewald Nowotny said he would not rule out a quantitative easing (QE) - or money printing - program to buy sovereign bonds, but the time for such a s...
Ahead of earnings, Caterpillar dealer data paints mixed pictureAhead of earnings, Caterpillar dealer data paints mixed picture
(Reuters) - Caterpillar Inc <CAT.N> released unaudited dealer sales data on Wednesday that showed a deepening deterioration in global demand for its mining equipment but a continued, albeit mode...

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.