The final look at 4Q Gross Domestic Product, the broadest measure of economic output, showed a 5.6% annualized rate of growth, compared to the 5.9% advance in the prior report. The GDP Price Index rose 0.5%, versus the 0.4% expected. The core PCE Index, which excludes food and energy, gained 1.8%, versus expectations of 1.6%.
The final University of Michigan consumer sentiment survey was unchanged in March from February, at 73.6, higher than the preliminary reading of 72.5 and the forecast of 73.0.
The Dow Jones Industrial Average rose 9 points (0.08%) to close at 10,850, the S&P 500 Index gained 1 point (0.07%) to 1167, and the Nasdaq Composite was 2 points (0.7%) lower at 2,395. Crude oil was $0.39 lower at $80.14 per barrel, and the Bloomberg gold spot price gained $17.00 to $1,107.50 per ounce. For the week, the DJIA rose 1.0%, the S&P 500 Index advanced by 0.6%, and the Nasdaq Composite gained 0.9%.
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
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