Wall Street: US Stocks Close Lower After Weak GDP Figures

Wall Street closed slightly lower on Thursday, October 29, after official figures showed a sharp slowdown in economic growth.

The Dow Jones Industrial Average fell 23.72 points, or 0.13%, to 17,755.80.

The latest GDP figures suggested the US economy grew at an annualized pace of 1.5% in Q3 of 2015, down from 3.9% the previous quarter.

GoPro shares fell 15.2% following the release of disappointing results from the camera maker.

Shares in Allergan, which makes Botox, and Pfizer were both suspended after the companies confirmed they were in buyout talks.

The tech-focused NASDAQ index fell 21.42 points, or 0.42%, to 5,074.27.

The S&P 500 index was barely changed, down 0.94 points at 2,089.41.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.