Thursday, October 08, 2015
Current Weather
Loading Current Weather....
Published: Wednesday, 4/30/2014

Stocks waver as investors weigh earnings, economy


NEW YORK — Stocks are mixed in midday trading as an unexpected slowdown in U.S. economic growth kept investors cautious.

Twitter slumped 10 percent after its customer growth didn’t live up to what the market was looking for.

The Standard & Poor’s 500 index was little changed at 1,878 as of noon today.

The Dow Jones industrial average edged up 13 points, or 0.1 percent, to 16,549. The Nasdaq composite fell seven points, or 0.2 percent, to 4,095.

U.S. economic growth stalled out at just 0.1 percent in the January-March quarter as record-cold temperatures slowed construction, hiring, and buying.

The Federal Reserve will release a statement following the conclusion of its two-day policy meeting at 2 p.m.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.66 percent.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories