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's Li Ning stumbles from gold medal position to no man's landChina's Li Ning stumbles from gold medal position to no man's land
HONG KONG (Reuters) - In 2010, former Chinese gymnast Li Ning led a surging $4 billion sportswear business, a gold-medal pinnacle echoing his victories at the 1984 Olympic Games. Now, the Li Ning ...
Thai Nok Airlines sees lower net loss in third quarter, aims for profit in fourth quarterThai Nok Airlines sees lower net loss in third quarter, aims for profit in fourth quarter
BANGKOK (Reuters) - Thailand`s second-largest budget carrier, Nok Airlines <NOK.BK>, said on Monday it expected its net loss in the third quarter will be lower than the second and aims to make p...
Hollande, Draghi agree on threat of deflation: officialHollande, Draghi agree on threat of deflation: official
PARIS (Reuters) - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union`s economy, an offi...
Imperial Tobacco closes $13 billion of loansImperial Tobacco closes $13 billion of loans
LONDON (Reuters) - British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks sai...
Algeria's In Amenas gas plant returning to normal after attackAlgeria's In Amenas gas plant returning to normal after attack
OSLO/ALGIERS (Reuters) - A major gas plant in Algeria where 40 employees were killed by Islamist militants last year is returning to normal operations following a big step up in security, one of the...

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.