NEW YORK, Jan 30- A U.S. economic contraction in the fourth quarter pressured stocks in Europe and the United States on Wednesday even as it bolstered expectations the U.S. central bank will continue its easy monetary policy and kept the euro near a 14- month high.
NEW YORK, Jan 30- An unexpected contraction in the U.S. economy in the fourth quarter sent stocks in Europe and the United States lower on Wednesday but helped keep the euro close to a 14- month high on expectations the U.S. central bank will continue its easy monetary policy.
WASHINGTON, Jan 30- A report revealing the U.S. economy contracted in the fourth quarter shows Congress needs to take steps to avert a series of automatic spending cuts slated to take effect in March, said Alan Krueger, chairman of the White House Council of Economic Advisers, on Wednesday.
NEW YORK, Jan 30- U.S. stocks edged lower at the open on Wednesday following an unexpected contraction in fourth-quarter economic activity, but losses were curbed by gains in Internet retailer Amazon.com. The Dow Jones industrial average dropped 11.13 points, or 0.08 percent, to 13,943.29.
WASHINGTON, Jan 30- The U.S. economy unexpectedly contracted in the fourth quarter, suffering its first decline since the recession ended more than three years ago as businesses scaled back on restocking and government spending plunged.
NEW YORK, Jan 30- Prices for U.S. "We have a slowing in government spending associated with the fiscal situation as well as some drawdown in military activity," said Terry Sheehan, economic analyst with Stone& McCarthy Research Associates in Princeton, New Jersey. "
NEW YORK, Jan 30- U.S. stock index futures extended losses after data showed the economy unexpectedly contracted in the fourth quarter, declining by 0.1 percent against expectations of a 1.1 percent increase.
*Spot gold rises to one-week high of $1,682.90/ oz after U.S. 4 Q GDP. London, Jan 30- Gold rallied to a session high of $1,682.90 an ounce on Wednesday, reasserting its safe-haven properties after U.S. growth data missed expectations and dented appetite for riskier assets. Spot gold rose as much as 1.1 percent to a one-week high of $1,682.90 an ounce.
*Amazon rallies after results, Boeing also up. *S&P 500 on track for best month since October 2011. NEW YORK, Jan 30- U.S. stocks were little changed on Wednesday as data showing the economy unexpectedly contracted in the fourth quarter was offset by positive parts of the report and strong results from Boeing Co and Amazon.com Inc..