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Shares Stocks Slide After US Financial Growth Disappoints NEW YOU ARE ABLE TO (AP) ” Stocks were drifting lower Friday following the government reported the actual U. S. economy grew in a slower pace compared to economists had expected within the fourth quarter. If costs don’ t change, the Dow Jones commercial average will finish the week lower, the first period that’ s occurred in 2012. The Dow offers risen for three weeks inside a row and is actually up 4 percent this season. The Dow dropped 80 points, or even 0. 6 %, to 12, 656 from noon. The SP 500 catalog fell 4 points to at least one, 314. The Nasdaq amalgamated edged up 5 in order to 2, 810. The Commerce Division said the economy grew in a 2. 8 percent annual rate within the final three months of this past year. Economists had anticipated 3 percent development. Among shares making big techniques, Chevron Corp. dropped 3 percent, the the majority of the 30 stocks within the Dow average, following the energy company’ utes fourth-quarter revenue as well as earnings per reveal came in nicely below what experts were expecting. Oil and gas production declined within the quarter. The diminishes were broad, with all ten sectors from the SP down. Kia Motor Co. fell 3 % after reporting unsatisfactory fourth quarter earnings because of weak sales within Europe. The company stated its results had been also hurt through trouble at components suppliers in Thailand because of flooding there. Starbucks Corp. dropped 2. 6 percent following reporting late Thurs that that complete year results were prone to come in under expectations. Procter Risk Co., which can make Tide, Crest along with other consumer products, dropped 1 percent following cutting its income outlook. Legg Builder fell 6 percent following the investment management company’ s earnings fell in two as clients pulled money from the firm. Legg Mason’ utes earnings of 20 pennies per share had been well below the actual 25 cents for each share that experts were expecting, based on FactSet. View this post on my blog: http://stocktips.valuegov.com/shares-stocks-slide-after-us-financial-growth-disappoints/