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Economic growth slowed to 1.1% in the first quarter of this year, down from 2.6% the quarter before, the Bureau of Economic Analysis reported Thursday morning.
Wall Street subdued as investors brace for a week of high-profile earnings and economic data. Megacaps weigh on Nasdaq, while US Treasury yields dip. European stocks are unchanged, and the greenback weakens as crude prices seesaw. Gold edges higher ahead of major economic data affecting Federal Reserve decision making.
The growth rate for the same three-month period last year was 20.1%.