S&P 500 index down on US GDP

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Source: Dukascopy Bank
US S&P 500 Index extended losses on Friday, weighted down by lower than expected US GDP data. US benchmark slipped 0.16% or 2.10 points and finished at 1,316.33 with seven out of ten industries posting losses, led by utility companies. Legg Mason fell 5% after the investment management firm's earnings plunged by 50% as customers pulled money out. Ford dropped 4% after posting disappointing revenue due to weak sales in Europe. Main gainer was First Solar, surging 11%. On weekly basis S&P 500 index is 0.95 points up. 





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Mon, 30 Jan 2012 13:04:43 GMT

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