NEW YORK, N.Y. – Stocks are mixed in midday trading as an unexpected slowdown in U.S. economic growth kept investors cautious.
Twitter slumped 10 per cent after its customer growth didn’t live up to what the market was looking for.
The Standard & Poor’s 500 index was little changed at 1,878 as of noon (1600 GMT) Wednesday.
The Dow Jones industrial average edged up 13 points, or 0.1 per cent, to 16,549. The Nasdaq composite fell seven points, or 0.2 per cent, to 4,095.
U.S. economic growth stalled out at just 0.1 per cent in the January-March quarter as record-cold temperatures slowed construction, hiring and buying.
The Federal Reserve will release a statement following the conclusion of its two-day policy meeting at 2 p.m.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.66 per cent.