US stocks end lower

Fresh signs of inflation risk left stocks mixed on Wall Street today as new data on US gross domestic product bolstered the Federal Reserve’s view that the economy remains strong.

Investors fretted after the Commerce Department revised fourth-quarter GDP, which was raised to an annual growth rate of 1.7% from an earlier 1.6% estimate. The slowdown in growth – GDP grew at 4.1% in the third quarter – was blamed on an unexpected drop in government spending and business investment.