“U.S. economic growth regained speed in the first quarter, but not as much as expected…Gross domestic product expanded at 2.5 percent annual rate, the Commerce Department said on Friday, after growth nearly stalled at 0.4 percent in the fourth quarter. ….Data ranging from employment to retail sales and manufacturing weakened substantially in March after robust gains in the first two months of the year. There are indications the weakness persisted into April.” Full story at…
…Fitting with the expectation for solid gross domestic product growth in the first quarter, tonnage was strong in March and the quarter overall,” ATA Chief Economist Bob Costello said. “At 3.9% year-over-year growth, the first quarter increase was the best since the final quarter 2011.
The 15-year fixed rate fell to 2.61% this week from 2.64%. The previous record low of 2.63% was set the week of Nov. 21, 2012.” Full story at…
Friday, the S&P 500 was down 0.2% to 1,582 (rounded). VIX was almost unchanged, down 0.1% to 13.61.