Hello MarketClub members everywhere. The U.S. stock market is slightly lower this afternoon after data showed that the U.S. economy grew at its weakest pace in three years for the first quarter of 2017. The GDP increased at a 0.7% annual rate, below the 1.2% rise estimated by economists, as consumer spending barely increased and businesses invested less on inventories.
This drop comes on the heels of the 2.1% in the fourth quarter of 2016.
Image courtesy of Bloomberg
Key levels to watch this week:
S&P 500 (CME:SP500): 2,328.95
Dow (INDEX:DJI): 20,379.55
NASDAQ (NASDAQ:COMP): 5,806.73
Gold (FOREX:XAUUSDO): 1,271.10
Crude Oil (NYMEX:CL.M17.E): 50.20
U.S. Dollar (NYBOT:DX.M17.E): 101.26
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
