The Dow Jones Industrial Average
Index |
Change |
Ending Value |
---|---|---|
Dow Jones Industrial Average | -74.17 [-0.58%] | 12,660.46 |
S&P 500 |
-2.10 [-0.16%] | 1,316.33 |
The U.S. Commerce Department released GDP data this morning which showed GDP rose 2.8% in the fourth quarter, faster than last quarter's 1.8% growth. However, 2.8% was below analyst's expectations of 3% growth. The market didn't take to the news very kindly and opened down.
Earnings also played a role in the Dow's decline. Adding to the downward trend was Chevron
Foolish Bottom Line
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