NEW YORK (AP) — U.S. stock futures are mostly down with a report showing that the economy grew at a slower pace than economists had expected.
Dow Jones industrial futures are down 21 points to 12,6963. The broader S&P 500 futures are down 1 point at 1,314. The Nasdaq composite is up less than a point at 2,454.
The Commerce Department said Friday that the economy grew at a modest 2.8 percent in the final three months of last year. While that is the fastest growth in 2011, economists expected 3 percent growth.
Consumer products maker Procter & Gamble Co. cut its earnings outlook and Ford Motor Co. fell short of Wall Street expectations.
A recovery in the U.S. is vital for global growth at a time when Europe is facing another recession.