Gains on Wall Street Despite Slowed Economic Growth in Fourth Quarter
Published at(NEW YORK) — After a run of losses this week, Wall Street finished Friday’s session on a somewhat positive note. All three major indices closed the day with gains, despite a Commerce Department announcement of slower economic growth in the fourth quarter.
The Dow Jones Industrial Average gained 33.90 to end the day at 17712.13.
The Nasdaq climbed 27.86 to 4891.22, while the S&P 500 closed the session at 2060.94, up 4.79 from its open.
The U.S. Commerce Department announced Friday that the U.S. gross domestic product climbed by just 2.2 percent in the fourth quarter. In the previous quarter, the GDP had risen by five percent.
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