US stocks end lower on GDP revisions



Search company or market
Search company or market:
Refresh this page Launch Marketwatch ticker
London | Wall Street | Asia

Dow Jones Industrial Average

Last Updated at 27 Feb 2015, 16:24 ET *Chart shows local time Dow Jones intraday chart
value change %
18132.70 -
-81.72
-
-0.45

Top winner and loser

Coca-Cola Co.

43.30 +
+0.84
+
+1.98

American Express Co.

81.59 -
-1.66
-
-1.99
value change %

Nasdaq Index

4963.53 -
-24.36
-
-0.49

S&P 500 Cash Index - Chicago Mercantile Exchange

2104.50 -
-6.24
-
-0.30

(Close): US markets closed lower on Friday after GDP was revised down to an annualised 2.2% for the last three months of 2014.

However, all three indexes were up overall for February, with the S&P 500 and Dow Jones hitting fresh highs.

The Dow Jones shed 81.72 points to 18,132.70.

The S&P 500 index dipped 6.24 points to 2,104.50, while the tech-focused Nasdaq index fell 24.36 points to 4,963.53.

The downward GDP revision was due to a slower rise in business inventory investment than previously estimated.

American Express was the biggest faller on the Dow, dropping nearly 2% after it announced late on Thursday that it was increasing the annual fee on some of its most popular charge cards.

Away from the Dow, department store JC Penney lost 6.8% after it reported a surprise quarterly loss on Thursday.

More Business stories

RSS

Features

From BBC Capital

Programmes

  • A bicycle with a Copenhagen WheelClick Watch

    The wheel giving push bikes an extra boost by turning them into smart electric hybrids

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.