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Stocks waver as investors weigh earnings, economy

Published April 30, 2014 11:24 am

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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 Eastern time Wednesday.

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.

 

 


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