In this Jan. 25, 2012 photo, traders work on the floor of the New York Stock Exchange. World stocks faced multiple headwinds Friday Jan. 27, 2012 after disappointing Japanese earnings, higher unemployment in Spain and weak U.S. home sales. Investors awaited quarterly growth figures from the U.S. later in the day. (AP Photo/Richard Drew)
In this Jan. 25, 2012 photo, traders work on the floor of the New York Stock Exchange. World stocks faced multiple headwinds Friday Jan. 27, 2012 after disappointing Japanese earnings, higher unemployment in Spain and weak U.S. home sales. Investors awaited quarterly growth figures from the U.S. later in the day. (AP Photo/Richard Drew)
NEW YORK (AP) ? U.S. stock futures are mostly down with a report showing that the economy grew at a slower pace than economists had expected.
Dow Jones industrial futures are down 21 points to 12,6963. The broader S&P 500 futures are down 1 point at 1,314. The Nasdaq composite is up less than a point at 2,454.
The Commerce Department said Friday that the economy grew at a modest 2.8 percent in the final three months of last year. While that is the fastest growth in 2011, economists expected 3 percent growth.
Consumer products maker Procter & Gamble Co. cut its earnings outlook and Ford Motor Co. fell short of Wall Street expectations.
A recovery in the U.S. is vital for global growth at a time when Europe is facing another recession.
Associated Presspayroll tax aisha khan alanis morissette r kelly vanessa bryant vanessa bryant kurt busch
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