The main stock indexes of the united States were witnesses to a opening mixed in the last trading day of the week, as investors digerieron the dismal print from GDP, u.s., showing the pace of growth slowest in 3 years.
According to the advance report of GDP u.s. grew at a scant annual pace of 0.7% in the first three months of 2017. The growth was much lower than the 2.1% registered in the last quarter of 2016 and will be lower than what estimated by consensus, The reaction to the report seemed muted, as investors preferred to stay on the sideline because of a possible government shutdown. Meanwhile, a good recovery in oil prices lifted the energy stocks and helped to limit any immediate correction, at least for the moment.
At the time of writing this report, the Dow Jones Industrial Average fell 9 points, up to 20972, while the S & P 500 index more broad-changed little since the close of yesterday at 2.388. Meanwhile, strong revenues by technology drove the Nasdaq to a record 6.060, almost 10 points.