U.S. stock futures today april 27 2012

U.S. stock futures today april 27 2012 : U.S. stock market futures held on to modest gains Friday after the government reported, as expected, that economic growth slowed in the first three months of the year. Dow Jones industrial average futures added 0.7 percent to 13,169. Standard & Poor’s 500 futures were up 0.17 percent at 1,399.20 and Nasdaq 100 futures added 0.34 percent to 2,729.50.

The Commerce Department said the economy expanded at an annual rate of 2.2 percent in the January to March quarter, slower than the 3 percent gain in the last three months of 2011. Consumer spending, however, was at its fastest pace in more than a year.

The slowdown was predicted by economists, who also forecast that economic growth will accelerate as the year goes continues, and eventually outpace last year. In 2011, the economy grew just 1.7 percent. Growth is expected to accelerate to around 3 percent for all of 2012 as stronger job growth spurs increased consumer spending.

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