US stocks slip slightly

2015-07-31 02:13:30

The Dow was dragged lower by weak Procter & Gamble results but the Nasdaq gained as food giant Mondelez raised its forecast after better-than-expected earnings. The Dow Jones dipped 5 points or 0.03 percent to 17,746. The S&P 500 was essentially flat, adding 0.06 of a point at 2,109, while the Nasdaq rose 17 points or 0.33 percent to 5,129. US gross domestic product expanded at an annual rate of 2.3 percent in the April-June period, the Commerce Department reported, slightly below the 2.5 percent consensus estimate. However, Commerce revised up it's estimate on the first quarter to growth of 0.6 percent from a 0.2 percent contraction.

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