Stocks were choppy Thursday as investors sifted through a heavy batch of headlines that included an upwardly revised reading on first-quarter gross domestic product (GDP) and several disappointing corporate earnings reports. But top of mind remained Friday morning's release of a key inflation update.
There were a number of economic reports released today. In addition to the final reading on Q1 GDP, which was revised to show the economy grew at a 1.4% annual rate vs the previous 1.3% estimate, durable goods orders increased 0.1% from April to May. This was slower than the 0.2% rise seen the month prior.
