Wall Street edges higher, Amazon offsets GDP
NEW YORK (Reuters) – Stocks were flat on Wednesday as an unexpectedly weak read on fourth-quarter economic activity was offset by strong results at Boeing and Amazon. com. Equities continued to shrug off negative news, with the S&P 500 staying above 1,500, a level that market technicians call an inflection point that will determine the overall direction in the near term. The first read showed gross domestic product fell 0. 1 percent, far below expectations for growth of 1. 1 percent. . . .
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