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Stocks end lower after failed Trump-Kim summit, but benchmarks log strong February gains

“However, market participants highlighted the economic reports highlight expansion that is tapering from heady levels of a 4.2% growth rate in the second quarter of 2018” writes Markets Reporter for marketwatch.com. U.S. stocks finished lower Thursday after a sudden breakdown in denuclearization talks with North Korea weighed on sentiment, even though main indexes posted strong gains in February.The Commerce Department’s estimate of fourth-quarter GDP growth showed the U.S. economy growing at a rate of 2.6%, well above consensus expectations of 1.9%, per a MarketWatch poll of economists.LB, -4.60% shares declined 4.6% after the parent company of Victoria’s Secret released fourth-quarter earnings that fell short of expectations.
 
Source: marketwatch.com



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