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Investors Shrug Off Disappointing Economic Data – Acadiana Business Index

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(Photo by Michael Nagle/Getty Images)

Stocks finished the session with modest gains as investors shrugged off disappointing economic data. Ken Meyers has the latest on Wall Street on Friday’s Acadiana Business Index.

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  • The Dow Jones gained 25 points to 13,230, the S&P 500 was up 3 points to 1403.46, and the NASDAQ added 19 points to close at 3069.
  • The preliminary reading on U.S. first-quarter GDP fell short of expectations, while consumer sentiment topped projections.
  • Although stocks were shaky in early trading, investors’ optimism grew throughout the day on positive corporate earnings.
  • Homebuilders also pushed the sector higher as low interest rates and recent positive housing data encouraged investors.

For a complete report on Friday’s day on Wall Street, click Ken’s Market Report.

 

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