1.Economy Grew at 1.9% in 1Q, Slightly Better Than Estimated; Durable Goods Rise a Bit More than Estimated, Up 1.9%
2.Stocks opened narrowly mixed Friday following a better-than-expected durable goods report, but gains were limited after several major Italian banks declined sharply, triggering renewed worries over the European debt crisis.
3.Stocks slumped across the board Friday, as uncertainty over the passage of a Greek austerity plan in addition to worries over Italian banks overshadowed a better-than-expected durable goods report. Vix jumped over 20.
.4.Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis. The Russell indexes are scheduled to rebalance after the close.
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