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Part of the acceleration in activity reflected farmers' filling up silos after a drought last summer decimated crop output. Removing inventories, the growth rate was a tepid 1.5 percent.

Doesn't matter, the lack of a reaction in the market only shows it was already priced in. Back to business, time to keep floating in a tight range.

Maybe next week...
 
The University of Michigan's final April Consumer Sentiment Survey rose to 76.4
from the 72.3 that was posted in the preliminary Survey. The Briefing.com
consensus expected the reading would tick up to 72.4.
 
Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could still contribute to the strengthening economic recovery
 
Goldman Sachs expects the S&P 500 to add another 9%, to end the year at 1900. For 2015, they expect 11% gains, for the S&P 500 to close the year at 2100.
 
The second reading on first-quarter GDP was was expected to show expansion of 2.5 percent in the first quarter, even with the initial estimate.
Separately, initial jobless claims were seen holding steady at 340,000 in the latest week.
 
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