NEW YORK (Dow Jones) – Disappointing data on U.S. economic growth strain the stock prices on Wall Street on Friday afternoon (local time). In addition, the recent financial results by major U.S. companies provide mainly for disillusionment. The continuing uncertainties about the debt negotiations in Greece also slow. Against 18.55 CET clock falls, the Dow Jones Industrial Average (DJIA) by 0.7 percent or 92 to 12 642 points. The S & P 500 lost 0.4 percent or 6 points to 1313. The Nasdaq Composite Index grew by 0.1 percent or 2 points on 2808.

Gross Domestic Product of the USA is in the fourth quarter of last year compared with the previous quarter rose by 2.8 percent. Dow Jones Newswires had forecast a growth Economists polled by 3.0 percent. The index reached the University of Michigan consumer sentiment in the U.S. in the second survey, a level of 75.0 in January, slightly above the consensus forecast of 74.5. The first result Umfage had an index level of 74.0. However, respondents also expect a higher inflation. In view of twelve months, inflation expectations rose to 3.3 percent from 3.1 the previous month.

On behalf of the European debt crisis came in early trading course some positive messages, after which it could be until Sunday to reach an agreement in negotiations on a cut Greek debt. Many dealers still show up but remain skeptical: “The people refuse to trust It’s kind of better-safe-than-poor approach – we were already disappointed.” Jim Russell commented on by U.S. Bank Wealth Management. Another dealer added that no one wanted to keep ahead of the weekend and on Monday the upcoming EU summit larger positions and therefore come to take profits.

addition, the interest of the quarterly balance sheets of companies like Procter & Gamble and Ford, the automobile company Ford in the fourth quarter, but increased sales, but registered a lower pre-tax profit. Ford’s shares lost 3.9 percent to 12.3 dollars.

Procter & Gamble

fall by 1 percent to $ 64.15. The consumer goods manufacturer has recorded in the fiscal second quarter (ending December), a profit slump and is forced to lower its earnings targets for the current fiscal year. Chevron lost after the release of fourth-quarter numbers 2.5 percent to $ 103.91. The weak downstream business by hail the oil company has the quarterly balance sheet.

In the technology sector is cheaper

Juniper Networks by 4.2 percent to $ 21.44. The company on Thursday released an interim report after the market close for the first fiscal quarter that missed analysts’ expectations.

Solutia

bulls by 39.8 percent to $ 27.27. The specialty chemical company has agreed to the acquisition by Eastman Chemical for $ 27.65 per share. Eastman Chemical trade higher by 5.7 percent at $ 49.82.

DJG / DJN / KKO

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