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Wall Street Pares Early Losses After Steady GDP Report


Friday, 31 January 2020 00:05 WIB

Wall Streetsaham A.S


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U.S. stock markets pared early losses on Thursday after pockets of strength in U.S. corporate results help restrain fears about the spread of the coronavirus and its impact on the world economy.

By 10:25 AM ET (15:25 GMT), the Dow Jones Industrial Average was down 89 points or 0.3%, having earlier been indicated much lower. The S&P 500 was down 0.5% and the Nasdaq Composite was down 0.4%.

The market drew some comfort from preliminary U.S. GDP figures, which showed annualized growth steady at 2.1% in the fourth quarter. That meant that overall growth in 2019 slowed to 2.3%, its slowest since 2016.

Source : Investing.com


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