Continuing with a week of losses, the Dow closed 97 points lower, the S&P 500 lost 8 points, and the Nasdaq fell 10
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
The Dow fell 62 points, and the S&P 500 fell 4. The Nasdaq closed up 1 point.
As the Aug. 2 debt deadline approaches, investors can envision everything from the stock market dropping like a rock to the economy shrinking as government vendors lay off thousands of workers.
Deven Sharma, president of Standard & Poor's, told a House subcommittee Wednesday that if lawmakers can work out a 'grand bargain' with $4 trillion in deficit cuts over the next decade, the US may yet keep its AAA rating.
Stocks fell again on Wednesday, with the Dow losing 199 points, as lawmakers in Washington remained at odds over a debt solution
Stocks of small companies, especially, are being sold, and overall, stocks are falling
The Dow fell 92 points, the S&P 500 fell 5, and the Nasdaq fell 3, as the debate continued in Washington over whether to raise the debt ceiling
Some private economists see devastating effects, such as stock markets plunging. But other economists don't envision such a scenario, suggesting that the Fed, for example, may step in.
The Dow closed about 88 points down, the S&P 500 lost about 7 points, and the Nasdaq fell about 16 points