Stock futures cut losses as healthy GDP growth dulls pain of corporate slowdown

Stock futures cut losses as healthy GDP growth dulls pain of corporate slowdown

FILE PHOTO - Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 24, 2018. REUTERS/Brendan McDermid
REUTERS: U.S. stocks opened lower on Friday, as disappointing earnings from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but losses were limited by data that showed economic growth slowed less than expected last quarter.At 9:30 a.m. EDT the Dow Jones Industrial Average was down 242.70 points, or 0.97 percent, at 24,741.85, the S&P 500 was down 39.12 points, or 1.45 percent, at 2,666.45 and the Nasdaq Composite was down 178.88 points, or 2.44 percent, at 7,139.46.
(Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koyyur)
Source: Reuters
Source : https://www.channelnewsasia.com/news/business/stock-futures-cut-losses-as-healthy-gdp-growth-dulls-pain-of-corporate-slowdown-10868446