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5 things to know before the stock market opens Friday [CNBC]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Stocks fell Thursday after the latest U.S. economic data raised concerns about stagflation. The blue-chip Dow slid 375 points for the day, while the S&P 500 and the Nasdaq Composite dropped 0.5% and 0.6%, respectively. U.S. gross domestic product expanded 1.6% in the first quarter, less than expected, while the personal consumption expenditures price index increased at a 3.4% pace, well above the previous quarter's 1.8% advance. Taken together, investors worried it could mean a combined slowing economic growth and rising inflation. Still, major averages are on track for a winning week, and traders will be watching March's PCE reading, due Friday morning. Follow live market updates 2. Alphabet's first-ever dividend Google parent company Alphabet on Thursday assuaged Wall Street's concerns about the company's core ads business and ability to generate profits from AI investments. Alphabet topped analysts' estimates when it reported first-quarter revenue growth of 15% from the same p
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