The U.S. economy expanded at a slower-than-expected pace in the first quarter, reflecting a deceleration in inventories and nonresidential fixed investment that was partly offset by the biggest gain in consumer spending in more than a year.
Stocks eyed a fourth day of gains on Friday, with Amazon the latest company to extend an earnings-driven rally that has wiped out much of the market's losses for April.
Futures on major US stock indices remained range-bound Friday ahead of the release of the economic data, which include key GDP figures.
Stocks advanced in choppy trade on Thursday as another batch of positive earnings and a strong housing report put equities on track for a third straight day of gains.
More Americans than expected filed for jobless benefits last week, adding to a recent batch of soft economic data, stoking fresh concerns about the recovery's strength.
Brazilian oil company Petrobras said Wednesday it will focus on investing in and developing its domestic energy sources rather than immediately invest more in concessions in Argentina.
Palladium prices are bouncing back from a big decline that started in February in what could be a sign of rising investor confidence in the U.S. recovery, thanks to rising auto sales, and concerns over Russian supplies.
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, skyrocketed 10 percent before the markets opened Wednesday on forecasts of further recordbreaking earnings. That sent overall U.S. markets up.
Futures on major US stock indices point to higher opening on Wednesday ahead of the US Federal Reserve?s meeting and durable goods order data.
European and U.S. stocks rose Tuesday as a negative sentiment the day before gave way to an upbeat, risk-on sentiment, despite weak economic news from the United States.
Stocks rose on Tuesday after strong earnings from big manufacturers and AT&T, but gains were capped on Nasdaq ahead of results from Apple and after a downbeat forecast from Netflix.
Wall Street edged higher at the open on Tuesday although continued concerns about Europe's debt crisis capped gains as earnings from AT&T and 3M boosted the Dow.
Futures on major US stock indices point to a higher opening Tuesday ahead of key new home sales data and corporate earnings.
Stock index futures crept higher on Tuesday after sharp market losses in the previous session but continued concerns about Europe's debt crisis could mean gains will be slight.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.37 percent, Dow Jones futures up 0.35 percent and Nasdaq 100 futures up 0.48 percent at 4:35 a.m. EDT.
European and U.S. equities fell hard Monday on concerns about the possibility that a Socialist could become France's head of state and reverse current austerity initiatives as well as downbeat European fiscal and economic data.
Stock index futures pointed to a sharply lower open on Monday on weak European data and renewed anxiety over how the region would tackle its debt crisis, while Wal-Mart slumped after a report it stymied a probe into bribery allegations.
Stock index futures slid on Monday on renewed anxiety over how Europe would tackle its sovereign debt crisis while Wal-Mart shares fell after a report about a stymied probe into bribery allegations.
Stock index futures were sharply lower on Monday as political uncertainty in Europe raised new questions about how effectively the region would tackle its sovereign debt crisis.
Futures on major US indices point to a lower opening Monday as political uncertainty in France and the Netherlands, as well as mixed data from China, weighed on the sentiment.
U.S. stock futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.8 to 0.9 percent.
Upbeat economic reports from Britain and Germany combined with surprisingly strong first-quarter earnings reports in the U.S. to foster a risk-on sentiment that lifted stocks and commodities while weighing on safe-haven investments.