2021-05-01 22:06:07 GMT2021-05-02 06:06:07(Beijing Time) Xinhua English
NEW YORK, May 1 (Xinhua) Wall Street s major averages posted mixed results in the busy week featuring a big wave of earnings reports, a key announcement from the Federal Reserve, and a slew of economic data.
For the week ending Friday, the Dow fell 0.5 percent, the S&P 500 eked out a gain of 0.2 percent, and the Nasdaq Composite declined 0.4 percent.
The S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on U.S. exchanges by total market cap, logged a weekly loss of 2.4 percent.
Building New Mexico s outdoor economy Follow Us
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By STEPHEN HAMWAY - Associated Press - Saturday, May 1, 2021
ALBUQUERQUE, N.M. (AP) - Ryan and Cody Dudgeon both grew up in northwest New Mexico. Both left for greener pastures in Missoula, Montana.
But after working as river guides in Montana and Idaho for 14 years, the married couple came to see the rivers that flowed through their New Mexico homes differently.
They moved back to Farmington in 2015 and are planning to start leading river-rafting expeditions on the Animas and San Juan rivers in May through their new company, Desert River Guides.
A blockbuster burst of GDP growth and huge corporate earnings did little to spur the bulls on Wall Street this week, who seemed more inclined to “sell the news” than buy any more of the rumor.
American flags hang outside of the New York Stock Exchange on Feb. 16 in New York. (AP Photo/Frank Franklin II)
MANHATTAN (CN) Amazing GDP growth, tremendous corporate earnings and consumer spending not seen since the early 1950s: what should have shattered markets was merely a blip on most investors’ radar this year.
By the end of the week, the Dow Jones Industrial Average lost 164 points, giving back gains from earlier this week and then some. The Nasdaq composite and S&P 500 also did not see major growth this week; the former dropped 54 points and the latter gained just one point.
The U.S. economy grew at an annual rate of 6.4 percent in the first quarter of 2021, the U.S. Commerce Department reported Thursday.
The increase in first quarter GDP (gross domestic product) reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic, the department s Bureau of Economic Analysis said in the advance estimate.
The increase in real GDP in the first quarter reflected increases in personal consumption expenditures, non-residential fixed investment, federal government spending, residential fixed investment, and state and local government spending that were partly offset by decreases in private inventory investment and exports, the report showed. Imports, which are a subtraction in the calculation of GDP, increased.
2021-04-30 07:35 By: Xinhua
WASHINGTON, April 29 (Xinhua) The U.S. economy grew at an annual rate of 6.4 percent in the first quarter of 2021, the U.S. Commerce Department reported Thursday. The increase in first quarter GDP (gross domestic product) reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic, the department s Bureau of Economic Analysis said in the advance estimate.
The increase in real GDP in the first quarter reflected increases in personal consumption expenditures, non-residential fixed investment, federal government spending, residential fixed investment, and state and local government spending that were partly offset by decreases in private inventory investment and exports, the report showed. Imports, which are a subtraction in the calculation of GDP, increased.