NEW YORK (AP) — Stock futures are trading in a narrow range after the government said the economy grew at a 3.2 percent pace in the first quarter.
The reading was slightly slower than the 3.4 percent growth rate economists had forecast.
However, the gross domestic product reading Friday was another sign that the economy is recovering. Growth was anchored by a rebound in consumer spending.
Economic reports and earnings results in recent months have shown consistent improvement helping push stocks higher.
Dow Jones industrial average futures are up 3, or less than 0.1 percent, at 11,138. Standard & Poor’s 500 index futures are down 0.30, or less than 0.1 percent, at 1,205.00, while Nasdaq 100 index futures are up 4.00, or 0.2 percent, at 2,045.00.
