US stocks close dwon

Wall Street ended January on a down note today following disappointing gross domestic product figures. But stocks still eked out modest gains for the month, extending the market’s 2003 run.

The 4% annual growth rate in the fourth-quarter GDP report showed an expanding economy, but the number was lower than the 4.8% analysts expected. The figure was a slowdown from the third quarter’s 8.2%, but no one had expected that rate of growth to be sustained.