Global Shares Fall After World Bank Cuts Growth Forecast For 2013

Category: Markets / Finance / Jan 16, 2013 12:59PM EDT
World stock markets fell on Wednesday after weak economic data from Europe, but shares in the U.S. rallied on strong corporate results from Goldman Sachs (GS.N) The World Bank cut its outlook for world growth as the view for growth in 2013 was reduced to 2.4 percent from 3 percent. The Dow Jones industrial average .DJI was down 19.33 points, or 0.14 percent, at 13,515.56. The Standard & Poor's 500 Index .SPX was up 0.54 points, or 0.04 percent, at 1,472.88. The Nasdaq Composite Index .IXIC was up 7.90 points, or 0.25 percent, at 3,118.67.