Fourth-quarter GDP was revised lower
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| | | 3/28/2019 | |
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| Stocks Turn Lower; China Trade, Trump OPEC Tweet in Focus | | By Emma Duncan | | Stocks are lower at midday, as investors continue to digest gross domestic product (GDP) data that showed growth of 2.2% for the fourth quarter -- slower than initial estimates. Echoing that, mortgage rates fell at the fastest pace since June 2009 last week. In addition, traders are exercising caution amid U.S.-China trade talks, as Wall Street awaits word from Beijing. May-dated crude is also suffering -- last seen down 0.6% at $59.05 per barrel -- after President Donald Trump tweeted to the Organization of the Petroleum Exporting Countries (OPEC) that oil prices are "getting too high." In response, the Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are all modestly lower. Continue reading for more on today's market, including: | | >> Continue reading... | |
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