(MENAFN- ProactiveInvestors) As earnings season continues apace Wall Street shares painted a mixed picture at the open as it emerged the US economy had slowed more than expected at the end of last year.
GDP expanded at 2.6% annual rate in the fourth quater of the year but was below the 5% pace seen in the third quarter.
However spending by consumers was lifted in Q4.
Today's macro figures comes after yesterday's upbeat read on joblessness claims which showed the numbers seeking unemployment benefits late this month (January) had fallen to a new 14 year low.
Meanwhile European shares are being kept in check by data showing consumer price inflation in the region was -0.6% in January having fallen at an annual rate of 0.2% in December - adding to the fears of deflation in Eurozone.
The benchmark Dow Jones is down 24 points to 17385 while the Nasdaq added 11 to 4694. The S&P500 lost five points to 2016.
In company news whose results have been overshadowed by the giant that is saw shares go higher higher despite it failing to meet revenue forecasts.
Meanwhile giant online retailer Amazon shares soared up to 12% after turning a fourth quarter profit after two straight periods of losses.
In London FTSE100 is down 14 points at the time of writing with supermarkets weighing.
’s () it the top laggard- down 2.54% while () dropped 2.43%.
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