US Futures Flatten On GDP Miss

Photo: Flickr/sm0re

Q1 GDP is out and it was a miss.  GDP slowed to 2.2 per cent from 3.0 per cent in Q4.  Economists were looking for 2.5 per cent.Futures are moving ever so slightly.  Dow futures are currently flat and S&P futures are up just 1 point.

Prior to the release, Dow futures were up 24 points, S&P futures were up 3 points, and Nasdaq futures were up 11 points.

Despite the headline miss, the underlying numbers were actually encouraging.  The make-up of GDP growth was largely driven by personal consumption (which jumped 2.9 per cent) rather than government spending (which fell 5.9 per cent).

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