Futures mixed ahead of economic growth report

NEW YORK (AP) — Stock futures are mixed in light trading before the release of data expected to show that the U.S. economy slowed sharply at the end of last year.

Dow Jones industrial futures are up 1 point to 13,909. The broader S&P futures have given up 0.60 points to 1,504.50. Nasdaq futures are up 2 points to 2,744.75.

The Commerce Department releases its growth domestic product figures at 8:30 a.m. EST Wednesday and most economists believe economic growth slowed from October through December to an annual rate of 1.2 percent. That would be the slowest in nearly two years.

That may be due to temporary factors that include a wider trade gap and less government spending.

The Federal Reserve wraps up a two-day meeting and will release its first statement this year.

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