Posted: Apr 26, 2013 6:53 AM by ASSOCIATED PRESS
NEW YORK (AP) - Stock indexes are edging lower in early trading on Wall Street after the government reported U.S. economic growth that wasn't as strong as economists had forecast.
The Dow Jones industrial average slipped two points to 14,694 shortly after the opening bell Friday.
The Standard & Poor's 500 index was down three points at 1,581, or 0.2 percent.
The Nasdaq composite was off eight at 3,281, or 0.3 percent.
The government reported that the U.S. economy expanded at an annual rate of 2.5 percent in the first three months of the year. That's better than the 0.4 percent growth rate in the final three months of last year, but not as strong as the market had been expecting.
Homebuilder D.R. Horton jumped 6 percent after reporting a surge in revenue.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties