New York - Wall Street stocks fell slightly in opening trade Friday after a downward revision to fourth-quarter US economic growth came in less severe than expected.
Five minutes into trade, the Dow Jones Industrial Average fell 15.77 points (0.09 percent) to 18,198.65.
The broad-based S&P 500 shed 0.30 (0.01 percent) at 2,110.44, while the tech-rich Nasdaq Composite Index lost 1.40 (0.03 percent) at 4,986.50.
The official estimate of growth in the October-December quarter was revised to 2.2 percent from the initial estimate of 2.6 percent. A sharper cut had been expected by markets.
After the third quarter's 5.0 percent pace, "the trend is probably somewhere in the middle -- at least 3 percent," said Jim O'Sullivan at High Frequency Economics.
AFP
