Stocks Futures Cut Gains Following Weaker GDP Reading

May 27, 2010 8:41 AM UTC
Futures dipped a little lower following weaker than expected Q1 GDP of 3%, versus the estimate of 3.4%. In addition, initial jobless claims were a bit higher at 460,000 versus the consensus of 455,000.

The S&P 500 is+20.10 to 1081.30, Nasdaq 100 +38.75 to 1830.25.

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