Friday, 27 January 2017

Wall Street slips after soft GDP data, earnings

Wall Street

Wall Street


Wall Street slips after soft GDP data, earnings US stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump.


The Dow remained above 20,000 for the third straight day, after breaching the milestone for the first time on Wednesday as the post-election rally reignited. For the week, the Dow rose 1.3 percent, the S&P 500 gained 1 percent and the Nasdaq advanced 1.9 percent.

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