Topic: Avery Dennison Corporation
Stocks closed lower on Wall Street after a report showed the US economy unexpectedly contracted in the fourth quarter, putting the brakes on a January rally that has pushed stocks toward record levels.
A better-than-expected jobless claims report pushed stocks higher Thursday. The major stock market indexes have climbed steadily higher to start October.
The Dow Jones industrial average rose 3.4 percent in January and the Standard & Poor 500 gained 4.4 percent, the best performances for both indexes to open a year since 1997.