Excerpt
Stock Market: First Quarter Shows Gains; Greek Debt Crisis Rattles Investors
Investors were pleased to note that first quarter economic results showed a modest expansion despite lingering weakness in the housing sector. The nation’s gross domestic product grew at an inflation-adjusted annual rate of 1.9 percent – a little better than original estimates of 1.8 percent, but a drop-off from 2010 when GDP increased 3.1 percent. It was nice to have some good news – even if gains were modest – in a month that saw a default looming in Greece and stocks decline here, in Europe, Hong Kong and Singapore.
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