MW: U.S. stock futures flat to weaker after GDP data
U.S. stock futures were trading mixed after data showed the U.S. economy contracted at a lesser pace than feared. The U.S. economy contracted at a 3.8% seasonally adjusted annual rate in the fourth quarter, the Commerce Department estimated Friday. This is the largest contraction since the first quarter of 1982. Economists surveyed by MarketWatch were expecting a negative 5.5% growth rate in the fourth quarter. Stock futures briefly turned higher, then returned to negative. S&P Futures [s:spy] fell 2.4 points to 840, Nasdaq 100 futures [s:qqqq] fell 1 point to 1,205 and Dow industrial futures fell 26 points to 8,086. (Resending to fix typo in headline)
