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A reading of +2.4% GDP is still growth. It is just not very robust growth. It is also as the argument continues of whether the U.S. is headed for a double-dip recession or just a period of slower growth. PIMCO's Bill Gross calls it a long protracted period of slow growth. Today was lighter than normal on the earnings news, and the final verdict over a green or red ticker at the close was not clear until the final minutes today. Here were the unofficial closing bell levels:
Dow Jones 10,465.94 -1.22 (-0.01%)
S&P 500 1,101.59 +0.06 (0.01%)
Nasdaq 2,254.70 +3.01 (0.13%)
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