Indices traded into green territory on Friday, April 26, 2019. Stocks such as Ford and Amazon stepped up in the wake of better-than-expected quarterly results. Meanwhile, favorable GDP data offset less-than-optimum earnings details from the likes of Intel and Exxon Mobil. According to Bureau of Economic Analysis figures, first-quarter gross domestic product expanded by 3.2%, a level not exceeded since 2013. Economists had anticipated a lesser expansion of 2%. On another note, consumer confidence slipped in April. The University of Michigan’s consumer sentiment index fell to 97.2 from 98.4 in March.
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