You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live

4

3

▼  8th Inning 1 outs

Stocks drop on news economy contracted slightly

Continue reading below

A signal that the economy is far from healed put the brakes on January’s rally, which has pushed stocks near record highs. The S&P 500 logged its biggest fall of the year on news GDP shrank a bit in the fourth quarter for the first time since the recession ended — hurt by the biggest cut in defense spending in 40 years, fewer exports, and sluggish growth in company stockpiles. Stocks continued to decline after the Fed said it will extend its bond-buying program to help boost growth. Growth has ‘paused in recent months,’ the central bank said. Still, stocks are on track for a strong month; the Dow is up 6.2% since the year began, close to its highest ever.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com