Major equity indexes in the U.S. started the day in the negative territory on Friday despite the strong first-quarter GDP expansion figure, the first estimate, published by the U.S. Bureau of Economic Analysis. As of writing, the Dow Jones Industrial Average was down 0.17% on the day while the S&P 500 and the Nasdaq Composite were losing 0.25% and 0.9%, respectively. The details of the BEA’s press release revealed that the economic growth in the first quarter was boosted by temporary factors such as government spending and inventories to offset the potential positive impact of the Q1 GDP reading of 3.2%, which was above the market expectation of 2.1%. On the other hand, today’s earnings figures painted a mixed picture, not allowing market sentiment to improve. Among the 11 S&P 500 major sectors, Technology and Energy are both down more than 1% in the early trade while Utilities and Consumer Staples gain around 0.5% to lead winners. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: UoM Consumer Confidence Index improves to 97.2 (final) in April vs 97 expected FX Street 3 years Major equity indexes in the U.S. started the day in the negative territory on Friday despite the strong first-quarter GDP expansion figure, the first estimate, published by the U.S. Bureau of Economic Analysis. As of writing, the Dow Jones Industrial Average was down 0.17% on the day while the S&P 500 and the Nasdaq Composite were losing 0.25% and 0.9%, respectively. The details of the BEA's press release revealed that the economic growth in the first quarter was boosted by temporary factors such as government spending and inventories to offset the potential positive impact of the Q1 GDP reading of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
