(CNBC) U.S. stocks mostly slid on Thursday after mixed economic reports cast a favorable light on the labor market while also illustrating the economy expanded less than economists expected at the end of last year.
“A lot of the macro data points are firming and confirm the January-February slowdown was weather related. The counter headwind is that investor sentiment is pretty elevated, and we would view that as a contrary indicator,” said Jim Russell, senior equity strategist for US Bank Wealth Management.
Citigroup fell sharply after its capital plan did not pass stress tests by the Federal Reserve; Exxon Mobil climbed as the price of crude hit a two-week high.
