Dow Jones: US Stocks Close Lower
ICM Brokers | Jun 01, 2015 02:42AM ET
Dow Jones
U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month. Transportation shares also weighed on the market, extending recent losses. The Dow Jones Transportation average fell 0.8 percent, putting it just shy of correction territory, almost 10 percent below its 2014 high. Data showed the U.S. economy contracted at a 0.7 percent annual rate in the quarter, a sharp turnaround from the earlier estimate of growth of 0.2 percent.
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