Friday, April 27, 2007

U.S. Stock-Index Futures Fall as Economic Growth Stalls, Inflation Gains

(Bloomberg) -- U.S. stock-index futures dropped after the economy grew in the first quarter at the slowest pace in four years while inflation increased.

The Commerce Department said U.S. gross domestic product increased at a 1.3 percent annual rate in January through March, the weakest since the first three months of 2003. A slump in home construction and a bigger trade deficit hobbled growth. Inflation surged to the highest since 1991.


Read more at Bloomberg Stocks News

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