Little Movement on Wall Street Wednesday, GDP Growth Slowed in First Half of 2014
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iStockphoto/Thinkstock(NEW YORK) — After consecutive days of gains and milestones, Wall Street was a bit of a mixed bag on Wednesday, with two of the major indices posting small gains.
The Dow Jones Industrial finished at 17,122.01, up 15.31 from Tuesday’s finish.
The Nasdaq dropped 1.02 to 4,569.62, while the S&P managed — barely — to close above 2,000 again, finishing the day at 2,000.10, up 0.08. That is the second consecutive day — and the second close ever — above 2,000 for the S&P 500.
Also on Wednesday, the Congressional Budget Office indicated that a slow first quarter may indicate lower-than-expected growth for the economy in 2014. The updated GDP growth estimate is just 1.5 percent for the 2014 fiscal year. Still, the CBO expects 3.5-percent growth in 2015 and 2016.
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