Wednesday, February 28

Wall Street is Not Afraid of Growth Figures and Puts Facebook Lower

American investors are not in the least shocked by the disappointing growth figures for the American economy. However, disappointing growth could mean that the Federal Reserve will stick to its support measures for longer.


Wall Street also again processed many company results, including those of Facebook. Investors were less pleased about this, and the Facebook share was clearly lowered on Thursday.

According to recent figures, the US economy raised by 1.6 percent in the second quarter compared to the earlier quarter. At first peep, this appears like a noteworthy increase.

But economists had usually expected even more solid growth, given the numerous relaxations of the corona rules. The DJ Industrial Average emblem 0.6 percent to 35,127 points in the first minutes of exchange.

The broad S&P 500 grew from 0.5 percent to 4423, and tech exchange Nasdaq increased by 0.4 percent at 14,818 points.

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