NEW YORK: Stocks fell on Friday after a report showing fourth-quarter US economic growth was below Wall Street forecasts raised concerns about the strength of the recovery and prompted investors to lock in recent gains.
Gross domestic product rose at a 4% annual rate in the 2003 quarter, less than half the third-quarters 8.2% pace as consumers cut back spending. Wall Street economists had forecast a 4.8% rate of increase.
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