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U.S. economy grows 2.5%, but stocks still down..Why?

Summary:

  • U.S. economy grew 2.5%, but shares decline because economist predicted that it would’ve grew 3.2%
  • On the good side consumer spending grew 3.2% the best in 2 years!
  • Higher personal tax rates and lower government spending also contribute to the slow economic growth
  • Exports climbed 2.9%
  • The U.S. savings rate also slumped to 2.6% from 4.7%, which means consumers are spending more money.
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April 26, 2013

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