Market Wrap for Wednesday, January 30: Stocks Fall as Economy Contracts in Q4

Market Wrap for Wednesday, January 30: Stocks Fall as Economy Contracts in Q4

By: Latest Articles from Benzinga.com

Posted on January 30, 2013 at 16:27 PM EST

The U.S. stock market lost some ground on Wednesday after the fourth-quarter GDP report showed that the economy shrunk by 0.1 percent in the fourth quarter. This compares to consensus estimates which called for growth of 1 percent. Volume remains light and investors are primarily focusing on earnings season. It

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