US GDP growth eased in the first quarter, according to this morning’s report from the Bureau of Economic Analysis. The slowdown, which marks the weakest gain in a year, was widely expected, although the annualized 2.3% rate was modestly above Econoday.com’s 2.0% consensus forecast.
Red ink continues to prevail for most US equity sectors for year-to-date (YTD) performances through Thursday’s close (April 26). Just four of the eleven sectors are currently posting gains this year, based on a set of ETFs.
Korea’s leaders agree to formally end war, pursue denuclearization: Bloomberg
Pompeo, newly confirmed as Secretary of State, embarks on foreign trip: Politico
Soft consumer spending expected to weigh on US growth in Q1: Reuters
Solid data for big tech dispels notion of weakness for the industry: Bloomberg
Jobless claims fell last week to lowest since 1969: WSJ
Aircraft lifts US durable goods orders, but otherwise report is mixed: MarketWatch
US business investment slides in first quarter: WSJ
US trade deficit eases in March–first time in 7 months: MarketWatch
Kansas City Fed Mfg Index surges in April: Bond Buyer
ECB leaves policy unchanged after softer euro area economic data in Q1: FT
GDPNow Q1 growth estimates for US holds at 2.0% vs. 2.9% in Q4: Atlanta Fed