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Wall Street opens lower after GDP data

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Reuters New York

US stocks opened lower on Friday after data showed the US economy grew less than expected in the fourth quarter, while weak earnings from Ford and Procter & Gamble and Eurozone debt worries also weighed on the market.

The Dow Jones Industrial Average lost 23.54 points, or 0.18%, at 12,711.09. The Standard & Poor's 500 Index fell 2.99 points, or 0.23%, at 1,315.44. The Nasdaq Composite Index dropped 6.79 points, or 0.24%, at 2,798.49.

 

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First Published: Jan 27 2012 | 12:00 AM IST

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