Markets Fizzle on Missed GDP Expectations (BBY, EBAY)

Though positive, GDP data missed expectations today, failing to curb a three day decline in major stock indices. The Commerce Department revised Q4 disposible income up by $10.6 billion to $11.73 trillion, and jobless claims are at a four year low. Best Buy (BBY) reported a $1.7 billion loss in Q4, and will be shutting down 50 stores. eBay (EBAY) announced it had found the new president for its PayPal division. They chose David Marcus, PayPal's vice president of mobile.

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Published on Mar 29, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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