Stocks edge lower as economic growth disappoints

Stocks edge lower in early trading on Wall Street as US economic growth disappoints

Associated Press
Stocks stall on tepid US economic growth
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In this Tuesday, April 16, 2013, photo, Specialist Michael O'Mara, left, and trader Fred Demarco work on the floor of the New York Stock Exchange. World stock markets fell Friday April 26, 2013 after Japan faced an unwelcome drop in consumer prices. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stock indexes are edging lower in early trading on Wall Street after the government reported U.S. economic growth that wasn't as strong as economists had forecast.

The Dow Jones industrial average slipped two points to 14,694 shortly after the opening bell Friday.

The Standard & Poor's 500 index was down three points at 1,581, or 0.2 percent.

The Nasdaq composite was off eight at 3,281, or 0.3 percent.

The government reported that the U.S. economy expanded at an annual rate of 2.5 percent in the first three months of the year. That's better than the 0.4 percent growth rate in the final three months of last year, but not as strong as the market had been expecting.

Homebuilder D.R. Horton jumped 6 percent after reporting a surge in revenue.

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