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GLOBAL MARKETS-Stocks mostly inch up but dollar eases in wake of U.S. GDP data
Global stock markets mostly edged higher on Friday as data showing U.S. economic growth accelerated in the first quarter offset corporate earnings disappointments, while the dollar fell against a basket of currencies. The jump in U.S. economic growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to reverse in the coming quarters. Tech shares weighed on the U.S. market, with Intel Corp down sharply after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.
https://finance.yahoo.com/news/global-markets-stocks-mostly-inch-154631832.html?.tsrc=rss
Global stock markets mostly edged higher on Friday as data showing U.S. economic growth accelerated in the first quarter offset corporate earnings disappointments, while the dollar fell against a basket of currencies. The jump in U.S. economic growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to reverse in the coming quarters. Tech shares weighed on the U.S. market, with Intel Corp down sharply after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.
https://finance.yahoo.com/news/global-markets-stocks-mostly-inch-154631832.html?.tsrc=rss
