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Is the US economy growing? Investors watch this

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The primary data point for investors on Friday is the second reading on the U.S. fourth-quarter gross domestic product growth.

"People are looking at GDP to make sure the economy is still intact," said Marc Chaikin, CEO of Chaikin Analytics.

Economists polled by Reuters expected the revised reading of U.S. growth in the fourth quarter to show a gain of 2.1 percent from a preliminary reading of 3.9 percent. The final reading of the third-quarter GDP showed 5 percent growth.