Stocks Gain After GDP Report

By: Associated Press Email
By: Associated Press Email

Stocks are rising in early trading after a report showed that the U.S. economy is growing.

The Commerce Department said Friday that U.S. gross domestic
product grew at an annual rate of 3.2 percent between October and
December. That's up from 2.6 percent in the previous quarter.

For all of last year, the economy grew 2.9 percent, the most
since 2005. It was an improvement from 2009 when the economy
suffered its worst decline in more than 60 years, reflecting the
recession's damage.

Microsoft Corp. rose 2.4 percent after its fourth quarter earnings beat analysts' estimates. But Ford Motor Co. lost 7 percent after its revenues fell short of Wall Street's projections.

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