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Stocks mixed after GDP report; tech sags
Investors seemed unwilling to make big bets that the economy will soon recover.
Investors will likely be examining comments from Federal Reserve officials for insights into how the economy, and specifically the financial sector, are faring. Several Fed officials are slated to speak Thursday.
Corporate profits fall, GDP growth unrevised
Gold, silver fall on dollar's rise
Fed policy-maker warns of recession
The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, a Fed policy maker said on Thursday.
Out of the Gate: Google stock falls
Lehman Brothers analyst Doug Anmuth cut his 2008 profit estimate and reduced his price target to $580 per share from $644. He said consumers are clicking on fewer ads, and advertisers may also be trimming their budgets.