Indices closed well into red territory on Friday. Brands traded lower amid the release of GDP figures. U.S. gross domestic product climbed 2.6 percent in the fourth quarter, well shy of an expected 3.2 percent gain, and down from the third-quarter’s robust 5 percent upswing.
Indices closed Thursday’s session with gains. Mcdonald’s led Dow advancers after announcing that CEO Don Thompson would be leaving the company. In earnings moves, Baxter reported fourth-quarter net income of $953 million and earnings of $1.74 per share, versus net income of $326 million and earnings of 59 cents per share, in the same period, a year ago.
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Indices ended in the red zone on Tuesday. Stocks traded lower in the wake of Microsoft and Caterpillar earnings as well as a variety of economic news. Durable goods orders dipped in December. New orders for goods designed to last several years fell 3.4 percent, versus expectations of a 0.5 percent gain.