Economic growth revised down slightly
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 28 February 2024
⏱️ 1 minutes
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Summary
Stocks fall; US GDP still resilient; imports rise in January; retail inventories up from last year.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed down on Wednesday. The Dow gave up less than a tenth of a percent. The S&P fell almost two tenth percent, and the NASDAQ lost more than half a percent. The economy grew in the |
| 0:15.2 | fourth quarter at a slightly slower pace than the Bureau of Economic Analysis originally |
| 0:19.1 | thought. That said, GDP still rose at an annual rate of 3.2%. |
| 0:24.6 | The U.S. economy has expanded for six quarters in a row, in large part because consumer |
| 0:28.9 | spending has been strong. |
| 0:31.0 | The U.S. spent more on imports in January than the month before, according to the Commerce Department, that includes imports of food, capital goods, and vehicles. |
| 0:39.0 | Meanwhile, imports of consumer goods declined. |
| 0:42.0 | The same report found that the value of wholesaler's inventory... imports of consumer goods declined. |
| 0:42.5 | The same report found that the value of wholesaler's inventories fell in January. |
| 0:46.7 | On the other hand, retailers' inventories rose. |
| 0:49.4 | Those are up 5% from the same time a year ago. |
| 0:52.7 | I'm just enough with the Marketplace Minute. You're going to. |
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