Fourth quarter GDP was revised sharply lower, to -6.2% from -3.8%, which was well below the -5.4% consensus estimate. The general market plunged, but Apple, Dell and Amazon advanced. Dell gained from lowered expectations. Apple got a boost from positive news form its annual shareholders meeting.
Saturday, February 28, 2009
Ended lower after seesaw session
Fourth quarter GDP was revised sharply lower, to -6.2% from -3.8%, which was well below the -5.4% consensus estimate. The general market plunged, but Apple, Dell and Amazon advanced. Dell gained from lowered expectations. Apple got a boost from positive news form its annual shareholders meeting.
