NEW YORK (AP) — Stock futures slipped Friday with the nation's economic growth during the first quarter coming in a bit weaker than economists had expected.
Consumer spending, which drives a huge portion of the economic activity in the U.S., was back in force, however, and partially offset a pullback in government spending.
Dow Jones industrial futures fell 46 points to 14,607. S&P futures gave up 4.7 points to 1,577. Nasdaq futures fell 11 points to 2,833.
The overall economy expanded at an annual rate of 2.5 percent in the first quarter. That's a solid rebound from the lethargic 0.4 percent growth rate seen in the final three months of last year.
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