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Friday, April 27, 2007

Stocks Flop Before Open on Weak GDP Data

S&P – Stock index futures come into the morning weak, following the softest GDP reading since 2003. The Q1 GDP showed a disappointing rise of 1.3 percent, missing estimates of 1.8 percent. Some analysts are bound to try to put a positive spin on the bad data, noting the role that extreme weather played in keeping consumers in their homes instead of in checkout lines. Read More....