US STOCKS-Wall St falls on U.S. growth concern; Shake Shack, Amazon rally

viernes 30 de enero de 2015 14:15 GYT
 

* GDP headline disappoints, consumer spending up

* Shake Shack rises in market debut, Visa to split shares in four

* Indexes down: Dow 0.68 pct, S&P 0.63 pct, Nasdaq 0.15 pct (Updates to morning trading, adds data, comment)

By Sinead Carew

NEW YORK, Jan 30 (Reuters) - U.S. stocks fell on Friday, pressured by concern over by domestic economic growth and the potential impact of euro zone instability on U.S. corporate results.

U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

"It's just a little disheartening to see the U.S. didn't have such a great quarter and it puts a little bit of fear in the minds of the people," said Joseph Benanti, managing director for sales and trading at Rosenblatt Securities in New York.

Adding to concerns, Greece's finance minister said the government would not cooperate with the European Union and International Monetary Fund mission bankrolling the country and would not seek an extension of the bailout program.

"The equity market is trying to deal with all the uncertainty around the world. Today, Greece is on everyone's mind," said Paul Zemsky, chief investment officer of Multi-Asset Strategies and Solutions at Voya Investment Management in New York.   Continuación...