U.S. stocks opened steady on Friday, as markets awaited the release of upcoming U.S. data, after a lower than expected U.S. economic growth data fuelled fresh concerns over the strength of the nation's recovery.During early U.S. trade, the Dow Jones Industrial Average eased 0.08%, the S&P 500 inched up 0.02%, while the Nasdaq Composite index edged 0.17% higher.
Preliminary data showed that the U.S. gross domestic product rose 2.4% in the fourth quarter, slightly below expectations for a 2.5% expansion, after a 3.2% increase in the three months to September.The report came a day after Federal Reserve Chair Janet Yellen on Thursday said the central bank will probably continue tapering its asset purchases while tracking data to figure how much recent softness in the economy is due to the weather.
Apple shares gained 0.40% after the iPhone maker won the dismissal of a $2.2 billion lawsuit in Germany over technology used to decide priority for calls in mobile networks.Also in the tech sector, International Business Machines slipped 0.10% as the compay began dismissing U.S. workers on Thursday, in part of a $1 billion restructuring plan to help IBM meet profit goals.
Salesforce.com jumped 0.72% pre-market after the maker of customer-management software forecast fiscal first-quarter sales that may top analysts’ estimates.
http://www.investing.com/news/stock-market-news/u.s.-stocks-open-steady,-data-ahead;-dow-jones-down-0.08-269536
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