NEW YORK: Wall Street's main indexes went nowhere fast on Thursday with better-than-feared GDP data providing some support to counter the abrupt end to a U.S.-North Korean summit and ongoing concerns about earnings and U.S.-China trade relations.
The GDP reading came ahead of the core personal consumption expenditures data for December, the Fed's preferred measure of inflation, due on Friday. Of the 11 major S&P 500 sectors, the materials sector was the biggest percentage decliner with a 1.4 percent drop, while the energy sector was the second biggest percentage loser, with a 1.2 percent fall, as crude prices eased.
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