business / news / / Benzinga
stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Thursday.
The U.S. economy grew at an annualized rate of 0.5% in the fourth quarter.
KEY POINTS
- This growth rate is a sharp slowdown from the previous quarter's 4.4% pace.
- The fourth quarter GDP figure was revised downward by 0.2 percentage points due to weaker investment.
- Oil prices surged 7.8% to $101.75, marking a significant increase in commodity markets.
COMPANIES
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