29 April 2004, 16:47  US stocks futures pare gains after GDP data

U.S. stock futures rose a little on Thursday after gross domestic product data showed the U.S. economy grew steadily but less robustly than anticipated during the first quarter of this year. The Commerce Department said GDP, or total output within U.S. borders, expanded at a 4.2 percent annual rate in the January-March three-month period, well under the 5 percent rate forecast by Wall Street economists. However, fears of inflation may be aggravated by the price gauge, which climbed at a 2 percent annual rate after gaining 1.2 percent in the fourth quarter. Futures on the the Standard & Poor's 500 Index <.SPX> were trading down 3.70 at 1119.50 after the GDP data, paring earlier losses.|||

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