NEW YORK (AP) — Stocks are little changed after lawmakers agreed on a financial regulation bill and the government lowered its estimate on how fast the economy grew in the first quarter.
The bill agreed to Friday would regulate banks’ ability to trade in derivatives, but the rules are less strict than some investors had feared. Derivatives are complex securities that companies use to guard against losses.
Relief over knowing what’s in the financial bill is being tempered by news that the economy grew at a slower pace in the first quarter than the government had estimated.
The Dow Jones industrial average is down 9 at 10,144. The Standard & Poor’s 500 index is up 1 at 1,074, while the Nasdaq composite index is up less than 1 at 2,217.
